alt Hacker NewsNope. What the real effect has been is a waste of billions of billions that have gone into changing stuff that never needed changing. Future development has now been slowed down as well in the EU.
All it takes to see that government regulation never works, is to look at how far behind the EU is in terms of GDP growth compared with the US and China who both have a significantly lighter touch when it comes to regulation.
The EU is f*cked, and will become a little socialist region, with manual and tourist industry jobs, where rich people from the rest of the world go for a few weeks of vacation.
I left the EU a long time ago, and I've earned so much money after leaving the socialist madness, that I recommend all young people I meet to do the same.
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”Rrgulation never works”, is a very shallow take. It could mean anything. China is an autocratic system. Is that working? The US is going in that direction.
On top of that, Europe isn’t a country. To have less regulation, you need more of it. Unifying regulations, or else you have dozens of completely different jurisdictions. To a large extent, you still do, even with the EU. You can’t sell to the general public in English. There are so many more things holding Europe back than ”need deregulation”.
The EU is literally run by conservatives. Where are the scary socialists hiding?
It's not self evident this is caused by regulation.
And regulation generally certainly works when it come to regulating and splitting up monopolies and oligopolies, workers right and etc. (US has plenty of both even if its occasionally idiosyncratic)