Overregulation stifles creativity. It smothers innovation. It gives dinosaurs a veto over the future.
Overregulation stifles creativity. It smothers innovation. It gives dinosaurs a veto over the future. It wastes the extraordinary opportunity for a democratic creativity that digital technology enables.
With tough interpretation of taxi and zoning regulations, neither Uber nor Airbnb would have gotten started. By the time many cities recognized their existence, both were fairly large and had the political support of their customers.
The Navajo Nation spends most of its time jumping through hoops.
Referring to the administrative procedures required of the Navajos by the Bureau of Indian Affairs:
Getting things done in this country, if you want to build something, if you want to start a company, it's getting to be virtually impossible with all of the bureaucracy and all of the approvals.
Corruption may be one way of surmounting traditional laws or bureaucratic regulations which hamper economic expansion.
Entrepreneurs are constantly developing new technologies and services. But too often, they're unable to bring them quickly to market for consumers because regulatory inertia stands in the way. Unfortunately, the FCC can suffer from this government-wide problem.
Getting permission to use a drone in Egypt was problematical.
The economy needs thriving, job-creating small businesses, but excessive and ill-considered regulations too often get in the way of growth.
Delayed energy projects and regulatory hurdles to domestic oil production not only cost the United States economy billions of dollars and millions of jobs, but they also stand in the way of an elusive goal: true American energy security.
If the federal government had been around when the Creator was putting His hand to this state, Indiana wouldn't be here. It'd still be waiting for an environmental impact statement.
Many people who try to do big bold things in the world find out it's not about the money or the technology: It's about the regulatory hurdles that will try and stop you.
It is easier to disrupt consumer finance. It is much harder to disrupt institutional finance, Wall Street. It is very heavily regulated, and because it is institutional finance, you are dealing with incumbents.
Unfortunately, we are finding the bureaucratic inefficiencies and red tape have a tendency to slow the efforts of individuals and communities working to rebuild.
Unfortunately, these past few years, you can work hard, try to be as successful as possible, follow the rules, and President Barack Obama will do everything he can to stand in your way.
The legal and ethical issues are just beginning.
My knock with filmmaking is the whole bureaucracy around it, so in some ways, staying outside of it is easier for me.
Bureaucracy and red tape should not delay our efforts to bring help to those in need.
Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.
Permission from the government is an expensive commodity. New ideas rarely have this kind of support. Old ideas often have deep legislative connections to defend them against the new.
I think food trucks are the new answer to American fast food. The idea of raising two or three million dollars and going through red tape to open a restaurant, there's lots of barriers to success. There's a really easy jumping place for food trucks. It's very hip and acceptable for new chefs to open a food truck first.
The velocity of decision making in government was extraordinary slow. It took 18 to 24 months and 15 to 20 trips to Delhi to get a license to import computers.
When I travel around the country, I see great companies with new ideas and a can-do attitude. But too often they are in hand-to-hand and pen-to-paper combat with officialdom.
The regulatory systems in place disincentive innovation. It's intense to fight the red tape.
Don't punish small businesses with over-regulation.