If your sole business model depends on having no regulation then your business model is wrong and predatory.
Regulation doesn't hinder innovation, it's just that CEOs want that quick buck instead of being responsible and using regulation for their advantage.
Too much regulation completely crippled the supersonic commercial flight industry.
>"Regulation doesn't hinder innovation"
General statement that means zilch. Regulation depending on particular conditions can definitely curtail innovation or destroy it completely. Bureaucracy wants to regulate everything including how often we fart.
This is a bad counterpoint to "more regulation makes business harder". No regulation at all is probably the hardest business environment possible, but too much regulation is bad too.