We already had a country like markmax33 describes, back in the late 1800’s/early 1900’s. Industrialized society with no regulation. Humans were essentially cattle, deaths on the job were a daily affair, children were worked to death, and there was basically zero upward mobility for non-wealthy tycoons. It was as third-world as it gets.
My grandfather passed away recently, which was probably for the best. He was a child of the Great Depression and WWII veteran, who was astounded at the ignorance of the new wave of Ayn Randians like markmax33. He saw the transformation of our country firsthand, and could not comprehend how people would want to throw away decades of progress.