Government regulation

Government regulation by nature tends to be mediocre as it’s written by politicians and bureaucrats who don’t truly know the industry. Or worse, it is written by pawns of the biggest companies to prevent new competition.

Government regulation is also nearly impossible to roll back even when it’s universally acknowledged as bad. Government bureaucrats get no rewards for taking risks, but can be fired easily if the risks go wrong. So a government bureaucrat will never make a change like rolling back a regulation that exposes them to even a small bit of risk.

We need a mechanism like bankruptcy for the private industry but for government agencies.

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.

Leave a Reply

Your email address will not be published. Required fields are marked *