Your "better way" is what got us here. Capitalism has always been regulated. You cannot create a system where having more money == having more power, and expect those with more power not to tilt the scales in their favor. It's not possible. Double standards for the rich and poor has been a trope since there were poor and rich people, and that's because by design the rich have more power.

We can't even keep laws on the books that were passed as a result of the Great Depression or Great Recession. All normal people agreed that we should not repeat those catastrophes, and yet the rules were repealed because they inconvenienced the rich people who wanted to make more money, and what they say goes.

We need a system without coercive hierarchy, and without a system of haves with power and have-nots without it.