It appears that you were incapable of hearing this message and have responded as if I just said "MORE REGULATION! NOW!"
Almost always more regulation doesn't work in complex markets. Incentives are very very difficult to get right ... the exceptions where the regulations work are extremely rare. And for the most part people don't get them right.
As if the simple incentives of a deregulated market (aka: profit above all) do work in complex markets.
That's OP's whole point, you want the right laws, not more or less, sometimes more regulation is needed due to the complexity of an industry, sometimes less is completely fine. That nuance is what's missing, and it's exactly the hard part of the whole system to be balanced.
> the exceptions where the regulations work are extremely rare. And for the most part people don't get them right.
For the most part, companies don't get it right either. Case in point: Boeing self-regulation, USA's finance industry self-regulation pre-2008, etc.
Just let go of the dogma.
Also, if you are not selling in the EU you would never start a high tech company in the EU. Whereas people travel across the world to found high tech companies in the US that are not even selling product in the US.