I would say both are over-regulated, but maybe not as overregulated as Europe. An interesting thing to note is that European countries tend to make rules to ou

I would say both are over-regulated, but maybe not as overregulated as Europe. An interesting thing to note is that European countries tend to make rules to outlaw risky behavior in the first place, but have limited fines in case the risk materializes, whereas the United States tends to allow more risk taking, but imposes exorbitant fines if something goes wrong. Both systems have their advantages.