Let me say first that I don't believe regulations are some sort of godsend that keeps industry alive. The ability to make money is what motivates industry. Innovation is usually the result of the pursuit of higher profits (good or bad).
Sometimes, maybe often times, innovation is the result of a real desire to improve he human condition (usually by individuals, not a corporation). This also leads to money making ventures. Sometimes they succeed, sometimes they fail.
Either way, both the above examples are better reasons to innovate and create work than to have them be the result of a regulation. I just try to look for the bright side of these things.