It’s amazing this still needs to be said, or is remotely controversial. Yet on both sides of the pond, the idea that innovation and regulation are necessarily opposed has become conventional wisdom. In the U.S., Hillary Clinton was attacked intensely a year ago for making exactly the same point. Eventually, the sharing economy and other startups will realize that it’s in their interest to have reasonable rules, because they promote trust and well-functioning markets. That’s the point I make in this paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2732269