How Regulation Wrecks Innovation | WHAT REALLY HAPPENED


How Regulation Wrecks Innovation

By Adam Thierer

Even in an age of hyper-partisanship, people still like a good underdog story and few are better than the small start-ups taking on the giants of industry. Entrepreneurialism helps create jobs, innovations, and other economic and social opportunities. It’s a story everyone can get behind.

Everybody, that is, except the incumbents and their political lackeys, who do not want pesky upstarts disturbing the status quo. Those companies and policymakers will take steps to protect their market and political turf—primarily through the creation and preservation of regulations. They usually sound well-intentioned, but ultimately they only serve their interests at the expense of competitors, consumers, and the public...

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