Earlier quoted context omitted.
I disagree with this otherwise seemingly reasonable position. Draghi's latest report pointed out that overregulation is a major problem in the EU and costs EU companies the equivalent of a 50% tariff (if I remember correctly). Of course, Draghi's report has led to nothing more than a few headlines.
Ok let’s take this at face value. Not being able to use child labor is a 40%+ tariff. What have we gained by framing it as such other than an extremely biased take pro unregulated business?
Yeah, regulation generally tries to do good but that is going to be little consolation when EU's economy will go broke because all products and services we consume are build in less-regulated territories (USA and China to be specific).