11: Trust the people, not regulation

The Regulators do not trust the people. Yet the people do not trust the Regulators. Partisans of innovation need to take the right side in this dispute. It’s time for them to state unequivocally that further state laws and regulations around innovation are in general likely to circumscribe it and slow it down, not enhance it. You don’t have to be a believer in free market forces to agree with that.

How the state is a roadblock to progress

Sparked by the Royal Society of Chemistry’s Science and the General Election 2010 event, Manifesto co-authors James Woudhuysen and Norman Lewis have written in spiked-online on how red tape-obsessed, visionless governments are holding back the kind of big and risky innovation society needs.