Free markets, capitalism, true competition in the marketplace...very little of it left anywhere. At least on major scale- small businesses maybe- that aren’t corporate franchises.
And the goal of the ruling class is to get all of those small businesses properly caged so that they are no competitive threat. This is the real (and intended) effect of government regulation.
Don't be fooled into thinking that gubmint rules about the fat content of your Post Toasties are there to keep you healthy. As long as you think so, you don't realize that their true effect is to keep you from going out in your garage and making a better product. After all, supposing you did, think of all the labeling requirements and certifications you would have to get to sell it. And if you don't get them and try to sell it anyway, the FDA would come in with guns drawn and shut you down.
Compare that to the America of a hundred years ago, the America where most of the big present-day food companies got their start in garages and kitchens. It's not for nothing that the big industries support and lobby for excessive government regulation. They can absorb the cost of compliance as a business expense, and they also have a Siamese twin relationship with the regulatory bureaucracy — it's the same crowd staffing both. In effect, they get to write the rules which prevent new competition from arising in the same way as they did themselves.