This is an extremely skewed view. I believe that regulations should exist when it comes to human life and safety. Otherwise, it is absolutely true that it stifles innovation.

In the case of the internet, if regulation didn't exist, yes there would be anarchy...but who cares? Doesn't anarchy already exist even with regulations? Wouldn't people learn and become vigilant faster if the internet was uncensored and unregulated?

That's my view anyway. As for this submarine saga - it's ironic about the wealth of the individuals on the submarine and the wealth of those on the titanic. Coincidence? I think not.