> I am a European business owner

Exactly. This sentence on its own is enough to explain your opinion, there is no need to explain anything else. Those who are against regulations are the ones who benefit from the lack of regulations.

And those who are in a dominant position generally think that they are there because they deserve it, because they are superior.

It always amazes me that there is a subset of EU people here on HN who are so detached from reality that it makes me wonder if these same people are sitting in Brussels board making decisions. According to the sh*thole in which EU ended up, it is not completely implausible. Can't agree more with what you're saying. My experience is the same.