John Stossell makes a pretty good case.  Of course, here in the states, most liberals think any regulation is a good regulation, and any repeal of any regulation at any time is a bad thing.   

https://townhall.com/columnists/johnstossel/2019/08/28/bad-law-keeps-people-poor-n2552265

"Why does most of Africa stay poor while other parts of the world prosper?

People blame things like climate, the history of colonialism, racism, etc.

But I say Senegalese businesswoman Magatte Wade gives the right explanation: too many rules."