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America has so many regulations that today, often the only way to do something new, to create something great, to prosper , is to ignore rules.
Minutes before SpaceX launched a rocket, the government told the company that the launch would violate its license.
SpaceX launched anyway.
CEO Elon Musk says that the Federal Aviation Administration has “a broken regulatory structure” and that “there is simply no way that humanity can become a spacefaring civilization without major regulatory reform.”
But reform isn’t likely.
While businesses must constantly adjust to survive, once bureaucrats create regulations, they have no incentive to repeal them, ever. Instead, they add hundreds of new ones every year.
Musk complains that government “can overregulate industries to the point where innovation becomes very difficult. The auto industry used to be a great hotbed of innovation … but now there’s so many regulations that are intended to protect consumers. … Regulation for cars could fill this room.”
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So, Musk broke rules to make Tesla the success it is. He knew he couldn’t innovate if he obeyed all of them. He’s flaunted the rules of the U.S. Securities and Exchange Commission, even tweeting that SEC stands for “Suck Elon’s … ”
So far, he’s gotten away with it.So have a few others.In my latest video, Adam Thierer, author of “Evasive Entrepreneurs and the Future of Governance,” explains why rule breakers are the best hope for innovation.“When 23andMe came out with genetic testing by mail,” he says, “They didn’t get a permission slip from the Food and Drug Administration. They just started providing that service.”Once the bureaucrats noticed, they ordered 23andMe to stop offering health insights based on genes.“The product was off the market for over a year. That stopped genetic testing by other companies, too,” says Thierer. “Smaller players saw what the government did and said, ‘I don’t want that to happen to me.’” This delayed innovation for years.“Maybe the only way to succeed today is to break the rules,” I suggest.“Yes,” says Thierer. “Just to go out and try doing it.”A group of parents whose children have diabetes did that. They developed software that helps people […]
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We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
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JD Rucker