Your claim, specifically, was that "Countries with more regulations have a high standard of living." To point out the absurdity of this claim, I mentioned China, which is one of the most regulatory and outright socialist states in the world, and its terrible standard of living. Now, you are moving the goal-posts.

And as for Europe, those countries have unemployment rates that would be considered psychotically high in America. Is that good for standard of living?

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Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy. - Ernest Benn
Truth is not the halfway point between two untruths. - Ludwig von Mises