It does go hand-in-hand with the failed thinking of trickle-down economics: In other words, conservatives use this talking point. I think it is louder in the US simply because the trust in government that you would find in, say, Norway simply doesn't exist and you get a few more "regulation in print only" there, it seems.
And of course some regulations limit who does some things, but in a lot of cases, we probably wouldn't want folks that refuse to follow regulations - particularly when they deal with health and safety.