No, innovation begets regulation. Deregulation fosters innovation.

https://en.wikipedia.org/wiki/Chinese_economic_reform

Any source for your statement?

Logic.

How did Deng Xiaoping reform China from economic backwater into the powerhouse we have today? Deregulation, which birthed innovation.

So your sample size is 1? If I show one example of a law which improved innovation, would you consider your claim debunked?

Please cite some examples.

BTW the post you're replying to is factually correct. As a government the EU does not innovative in the sense normally understood by the word, e.g. it does not introduce surprising new products, or (directly) create new technologies. It does however regulate.

I would say that holds true for most if not all governments around the world.

So pointing it out is rather pointless.

Well yes, but FreeSpeech's comment was grey and flagged when I saw it, even though it's indeed kind of so obvious it's pointless. And it had a reply disagreeing, so it needed to be spelled out.