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It's my view that the only thing government should ever be allowed to protect us from is itself. I don't need government protection from evil corporations, because those evil entities are how I earn my income.
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Unless you want to go back to the days when children put in sixteen-hour days in the factories and workers were treated little better than slaves, you really
do need the protection. Decent conditions for American workers didn't just happen. The system didn't naturally evolve, and capitalists didn't one day decide to treat people like valued human beings. It happened after American workers, over a period of about 70 years, went to the streets and fought and in many cases sacrificed their lives for the cause.
If you want to experience the good old days of unrestricted capitalism, go to Manila and work for a year in one of their factories. You'll have as much fun as any garment industry worker in 1870 New York. Now, if you'll excuse me, I have to go polish my Jimmy Hoffa bust.