Posner on business ethics [Article]

Posner dissects the concept of free-market self regulation, & business ethics (to me, the term is an oxymoron) - and lays it bare for what it really is

Competition is doubtless essential to the efficient production and distribution of goods and services. But it is not an antidote to unethical practices by producers and distributors.

The question is whether his advocacy for more regulation is actually a solution at all?