Chapter
The Need for a New Regulatory Infrastructure.
35:21 - 40:12 (04:51)
The US needs a massive rewrite of the regulatory infrastructure to account for technology and make industries more resilient and entrepreneurial. Regulatory capture and lobbyists need to be replaced by laws that make sense.
Clips
The absence of regulation allowed entrepreneurs like Zuckerberg, Larry, Sergey and Musk to innovate and launch successful projects without having the permission of regulators, whose incentives are to avoid approving projects that could cause problems later on.
35:21 - 36:39 (01:18)
Summary
The absence of regulation allowed entrepreneurs like Zuckerberg, Larry, Sergey and Musk to innovate and launch successful projects without having the permission of regulators, whose incentives are to avoid approving projects that could cause problems later on.
ChapterThe Need for a New Regulatory Infrastructure.
EpisodeE13: SPACsgiving Special! More promising vaccine news, innovation vs. regulation, reforming higher ed, morality of challenge trials & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The current regulatory infrastructure isn't accommodating the fast-paced growth of technology, and new legislation is required to change that.
36:39 - 40:12 (03:33)
Summary
The current regulatory infrastructure isn't accommodating the fast-paced growth of technology, and new legislation is required to change that. By rewriting the regulatory infrastructure to be more entrepreneurial, less captured by lobbying groups and more sensible in terms of the specifications around running businesses, the technological start-up space can thrive again.