While this does sound odd to say the least - the government regulates everything. I see no reason why they should not be able to regulate the speed of technical

While this does sound odd to say the least - the government regulates everything. I see no reason why they should not be able to regulate the speed of technical innovation. For instance, if government had regulated financial innovation more vigorously 2008 might have gone differently. What's sensible in the long term is a different thing of course. And, there is the strong history where regulations supports too much entrenched industries.