In recent years, we’ve seen many governments around the world attempt to regulate Big Tech. But it’s tricky to regulate in a sector where you want to incentivize innovation. Our latest release, How Innovation Works, explores the issue, looking at key innovations throughout history as well as our prospects for the near and far future.
Barriers to Progress
The freedom to experiment, invest, fail, and exchange ideas is crucial for progress and innovation. Individuals need to be able to voice their needs and use their imaginations. Excessive rules and regulations can stifle creativity and experimentation. While careful regulation is necessary for products like prescription drugs, excessive rules in other sectors might deter investors.