This is one of those questions that you should always qualify by stating that it is a fact specific inquiry.
Depending on the facts presented, a progressive movement's calls for government regulation may be justified if the facts presented show that the call is justified.
If business is routinely defrauding citizens and ignoring tax law, then a progressive movement is right to call for regulation.
If the regulation is poorly written, then the progressive movement should be calling for better regulation and not new regulation.
The federal government is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president, and the federal courts, respectively.