Capitalism now days has become about making money from manipulating the stock market rather than actually creating and marketing a new product. Hedge funds only benefit those who invest in them and those are normally the rich type. Hedge funds basically try to squeeze more profit for the investors without considering how to run a good business that benefits both the workers and the clients who uses the business's services or products. We definitely need laws to protect us from such crony capitalism practices.
If such practices continues, Capitalism will be digging her own grave.