Regulators often barely grasp how current markets function and they are supposed to be futurists now too? Government regulatory interests almost always end up lining up with protecting entrenched interests, so it's essentially asking for a slow moving group of the same mega companies. Which is very much what Europes market looks like today. Stasis and shifting to a stagnating middle.

You're both right, and that's exactly how early regulation often ends up stifling innovation. Trying to shape a market too soon tends to lock in assumptions that later prove wrong.

The experience with other industries like cars (specially EV) shows that the ability of EU regulators to shape global and home markets is a lot more limited than they like to think.

What will happen, like every time a market is regulated in the EU, is that the market will move on without the EU.

The point is to stop and deter market failure, not anticipate hypothetical market failure

That has never worked.

If the regulators were qualified to work in the industry, then guess what: they'd be working in the industry.

[dead]