One theory about why tech gets regulated is it happens when tech isn't delivering - if we can't fly supersonic, may as well have clean air
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From what I read about the US in the 50s/60s,there was a very positive attitude towards tech, which surprised people after years of conflict
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It's related to the broader question of why and when we decide to make tech progress a priority. Seems like it's lots of snowball effects.
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Some data on how technology is affecting sectors at very different rates https://www.mercatus.org/publication/regulation-and-productivity?utm_source=Twitter&utm_medium=research&utm_campaign=MercatusTweets&526141033 …pic.twitter.com/WZNAwtIijV
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Replying to @asteroid_saku @sknthla
Big question is how they are defining “output”...
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Replying to @patrickc
I don't quite believe that productivity mismeasurement is a thing - would like to be convinced otherwise!
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Replying to @asteroid_saku @patrickc1 reply 0 retweets 1 like
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Replying to @asteroid_saku @sknthla
I don't mean mismeasurement in that sense (and, yes, agree that it's hard to see how there's enough missing GDP). I mean the opposite.
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As in, measured GDP growth that's "bad" / indicative of structural problems. E.g. healthcare GDP is growing.
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Yeah this is the basic issue with all sectoral growth rate vs regulation analyses I've seen. (And I don't see an easy way to solve it.)
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And is why I suspect regulatory contributors to stagnation are underestimated. (Not only do we not see harm, but harm often looks good!)
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It is hard to see harm when it's the loss of counterfactual innovation that nobody expects, let alone argue for it with regulators
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