> Regulations don’t immediately mean a flight of intellectual capability to less restrictive places. This. Most people forget that the US is still a highly reg

> Regulations don’t immediately mean a flight of intellectual capability to less restrictive places. This. Most people forget that the US is still a highly regulated place. And the tech hub (California/Bay Area) is a highly-taxed and highly-bureaucratic area too... It's not deregulation or investment. Innovative economies are like emergent behavior. They spring out of chaos and no one has no understanding so far how that happens.