[pptr]

Once you have a technological breakthrough that requires lots of exploration to figure out which products will succeed, regulation is a competitive disadvantage.

For established industries regulation just increases prices. ... Until a new technology comes up that allows new competitors to enter the market. Like Tesla, SpaceX.

[mnewme]

Hmm both SpaceX and Tesla are heavily subsidised by the government

Funnily enough many of the basic breakthroughs in AI were done in Europe, but at universities.

Sadly people don‘t invest in Europe in startups as in the US, therefore the companies were formed in the US, even tough research is done here.