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Yes regulation help protect people from getting ill having accidents and even dying due to lots of stupid preventable shit too.
And of course that also help the economy despite it's only a secondary effect.
Things like fire regulation, car safety and of course health regulation in food.
These are all things that protect us every day, but most people are completely oblivious about all the ways regulation help. And only focus on the potential bit of extra paperwork, and a bit of extra cost, that they are ignorant about is recouped in benefits to all that outweigh the cost multiple times.
What we need is not less regulation, but better regulation!
Exactly.
"Let's have less regulation so it will be simpler!" – I think having more or less of it is so irrelevant that 'why not more'?
(It doesn't hurt the people, the opposite actually.)
Especially when the talking point (almost the opposite of what you said) "we need less regulation but better regulation" is promoted by individuals looking for deregulation for their personal financial gain regardless of consequence to anyone & anything.
Also let's not forget there is a thin line between regulation & corruption bcs with (regulation) corruption the law framework stops working correctly & gets over-complicated for the sake of it, in some cases such laws even protect specific companies & hurt everybody else.
It's not the lawmakers or the public that makes for complicated laws, it's the companies that want very specific things achieved & at best look for compromises adding complexities to regulation.
But by default I believe that with more "regulation" comes more professionals in the specific field & the larger the work force (and their personal agency & personal responsibilities & normal lives) the harder it is to corrupt. People revolt & people generally want to do their jobs good & for good (evidenced by a myriad of public minimal wage workers doing real important shit with all their power).