Regulation can stifle innovation from "summary" of The Antitrust Paradox by Robert Bork
Bork argues that when the government intervenes in the market through regulation, it can have unintended consequences that hinder innovation. This is because regulations often impose rigid requirements that can limit the ability of businesses to experiment and try new approaches. In a dynamic and competitive market, companies need the freedom to adapt and innovate in order to stay ahead. However, when regulations impose strict rules and standards, they can create barriers that prevent new ideas from flourishing. Furthermore, Bork explains that regulation can also discourage investment in research and development. When companies are burdened with c...
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