The CEO of Kärcher (the pressure washer company) thinks that too much regulation is hindering European industry, while this industry faces increasing competition from China.
Is he right? Should we slash regulations? Should we allow big companies to do whatever they like?
Anu Breadford coined the term „Brussels Effect“ for the regulatory super power the EU has. Of course not every regulation is done right, but comments like this one are a concerted effort by companies to dismantle a powerful regime that has been building over the last decades. Especially tech bros like Elon and authoritarians like Miles hate it. That should tell you everything.