> even EU politicians are beginning to see that they've over regulated their tech industry so much that it can't compete

Yes, it feels a bit weird to me that the HN crowd is a fan of regulation although much of the crowd works in the least regulated profession.

Maybe we need to have regulation that puts an automatic expiration on regulation and there's no way to bypass that. Existing regulation nearing expiration can only be extended by a democratic voting process. Just the burden of handling this should naturally filter out regulation that's unpopular or no longer relevant.