Regulations often are designed to perpetuate a current structure in an economy, and prevent new comers from entering the game---thus dramatically slowing increases in the standard of living. It's happening in Silicon Valley.
Michael S. Malone
details the suffocation, at WSJ.
IT journalist and commentator John Dvorak has been sounding the alarm on how S-Ox is smothering Silicon Valley for some time.
ReplyDeleteSee Dvorak's comments here