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Typical example of how bureaucracy and over-regulation stifles productivity and innovation. Many such cases. It’s no coincidence that the industries that have
by Dig1t 1y ago
Typical example of how bureaucracy and over-regulation stifles productivity and innovation.
Many such cases.
It’s no coincidence that the industries that have seen the most explosive growth and added the most value to the economy have also been the least regulated ones (e.g. software).
- fxtentacle 1y agoCrypto? It’s very unregulated. But did it add value to the economy?
- Dig1t 1y agoI’d say yes it does add value in the same way that gold does. It’s a store of value that resists inflation and cannot be instantly revoked by a central authority. That is definitely useful.