Remember the good old days, when Silicon Valley was all about creating cool stuff, taking risks, and making people say, “Wow!”? Now it seems the headlines are much more focused on the valley’s encounters with government: The heads of Google and Facebook were called to Europe to face calls for increased regulation, the Federal Communications Commission (FCC) wants to regulate the Internet and set-top boxes, and European telcos are calling for app regulations that would hinder their US competitors. What happened? As I explore in this post, tech firms have satisfied almost every rule for ensuring undeserved government regulation. This is sad because many of these growing regulations are slowly cutting off the very oxygen that has made US tech great.
Read “Seven steps to ensure you become overregulated” on AEI.