But he's right.
In many instances, an industry cannot do the "right thing", whether it's polution controls, saftey, or preserving jobs, because the "right thing" would increase costs in a bitterly competitive environment, and colluding to raise prices to cover the cost is illegal.
In this kind of situation, the only way out is government regulation which affects all in the industry evenly. The industry will complain all the way about the cost of regulations, because that's what capitalists are expected to do, but in the end they'll accept the regulations because they know it's the only way out.
It took regulation to get air bags in cars and polution controls on paper mills, and it'll take government regulation to get offshoring controls. Capitalism is good, but without clear limits it goes bad.
