In the words of Dita Charanzová (ALDE, CZ), a member of the EU Parliament’s internal market and consumer protection committee;
Over-regulation means more and more EU start-ups leaving for US
In a piece talking about the digital world, she goes on to say;
There is a belief that through the digital single market strategy, we can regulate platforms in order to make them work better with each other and consumers.
This is wrong. Over-regulation does not lead to fair competition; more competition leads to fairer competition.
Of course the same applies to regular business too, as she concludes;
If Europe focused on reforming the education system and the bureaucracy around starting a business, technological companies and entrepreneurs would thrive in Europe.
So, there you have it, from the EU itself – the EU is bad for business.
Of course there is an alternative, Vote Leave on 23rd of June.