The twenty-first century economy is a rapidly evolving creature. What with automation, driverless cars, drones, aviation, the app economy, and social media, among other things, how we live and think about economic output is being transformed — causing no end of questions about labor market productivity.  You’d think we’re living in an age where such economic development and creativity go unrestricted by the hands of government. Yet government is attempting to regulate it. When you read a new study out of theMercatus Center that government has regulated innovation out of the economy to the tune of $4 trillion less growth from 1980 to 2012, you wonder: what would attempted regulation of these exciting new industries lead to? What will America lose?

NQfOz2Kf_400x400Here to discuss these sectors and the specter of government regulation is Eli Dourado, a research fellow at the Mercatus Center at George Mason University and director of its Technology Policy Program. He specializes in Internet governance, intellectual property, cryptocurrency, Internet security, and the economics of technology. He has written for The New York TimesThe Washington PostForeign PolicyThe GuardianArs Technica, and Wired, among other outlets,  and is a member of the State Department’s International Telecommunication Advisory Committee and has served on several U.S. delegations to UN treaty and policy conferences.

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  1. Old Bathos Moderator
    Old Bathos

    The sheer volume and complexity of federal regulation creates fear.  Your in-house counsel cannot confidently say that your enterprise is acting lawfully because you can no longer know.

    The mindset that produced the Precautionary Principle is the real enemy.  Imagined risks and ideological aesthetics take precedence such that nothing is legal unless and until the government deigns to grant permission.  The presumption of a freedom of action unless and until there is a violation of clearly articulated statues and rules needs to be restored.

    I blame Congress for much of this.  Too much is delegated to agency rule-making discretion and there is insufficient protection of congressional constitutional prerogatives when agencies overreach.  Republicans can’t seem to find any ground upon which they would stand and fight major battles and Democrats no longer care about the integrity of our governmental structures so long as the demands of the moment from the Narrative are being served.

    • #1
  2. Joseph Eagar Member
    Joseph Eagar

    God save us all from ‘godlike AIs.’  I cannot stand the nannyish direction technology has been heading in.  If I could uninstall S-voice and Cortana from all my devices, I would (why don’t companies let you do that?).

    So creepy.

    • #2
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