You say that as if the agenda of Corporatism isn't rampant, unfettered "free market" capitalism. The cognative dissonence is almost laughable. Although you're right, the industries were still regulated. They were regulated in totally uselss, stupid ways, but they were regulated.
It would be kind of like having a law that specifically says "You cannot print $5 bills", while you are printing billions of dollars worth of $20 bills, and flooding the market with them. Then, when the economy crashes, you insisting, "Well, I was regulated! And I even obeyed the law! I didn't print one single 5 dollar bill!" Well, yeah! That's because the regulation was completely useless, and did nothing to regulate what you were actually doing.