By definition, we cannot know the creations and innovations we are
missing due to the unintended second-order freezing effects of regulation. This is why we need to be extremely skeptical of regulation and only accept it in truly important and non-trivial cases (unlike a damn charging plug).
There is a clear push from European elites for a halt in progress, aiming to maintain a status quo and preserve their existing advantages. Modern corporation not under their control threaten them. As progressives, it is crucial that we fight to ensure that Europe continues to advance instead of turning into an Amish village and we won't have all to emigrate to the US.