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.