Well, I gave up counting, but I noted that he treats regulations as both good and bad. One of the good senses is that regulations prevent abuses. One of the sections that mentioned regulation discussed the three classes involved in the economy - one does nothing and keeps getting richer, the second is necessary to get things started, and the third actually does the work. Here is what he wrote about the second, those who supply the capital (stock in the sense of materials, equipment, and workplaces).
"It is the stock that is employed for the sake of profit, which puts into motion the greater part of the useful labour of every society. The plans and projects of the employers of stock regulate and direct all the most important operation of labour, and profit is the end proposed by all those plans and projects. But the rate of profit does not, like rent and wages, rise with the prosperity, and fall with the declension of the society. On the contrary, it is naturally low in rich, and high in poor countries, and it is always highest in the countries which are going fastest to ruin."
