In defence of Boeing, possibly the reason we have not that many large civil aircraft manufacturers is not just because of very stringent regulatory requirements

In defence of Boeing, possibly the reason we have not that many large civil aircraft manufacturers is not just because of very stringent regulatory requirements, but a severe inefficiency in the way aviation regulations end up functioning. Nobody will argue that when lives are at stake, strict regulations are needed. But at least here in the EU, I've dealt personally with a lot of avation regulations, and it is really hard for a government to implement it without the whole ordeal being extremely wasteful. By wasteful I mean that a very significant portion of the complicance work has no real value, and that a significant portion of a company's expenses are in compliance work. It would be interesting to back this claim up with numbers (regarding compliance work being a large portion of aircraft manufacturer costs). Resources spent on compliance work, could also be spent on actual engineering, improving the quality and thus reliabiliy of the vehicle. Despite of that, Boing may still be a broken organisation, my arguments are only to complement that what is being reported.