You folks in the UK and Europe can never claim to be "under regulated" can you?
You also operate one very expensive Aviation Infrastructure....with a Fee for everything you do, buy, and use.
At least in the USA we see Aviation as being something that benefits the entire population and support it with Tax monies from non-aviation sources as well as those uniquely applying to aviation unlike you folks.
Our system is far more user friendly to boot.
It is not perfect and in time as our amount of bureaucracy begins to catch up with yours in its ability to stifle operations.....we will be burdened as well.