regulation stifles innovation
The idea that regulatory enforcement will stop cool inventions.
An ideological talking point to restrict government intervention: the idea is that regulatory enforcement will stop cool inventions or business models from flourishing. You could call it the public policy version of "move fast, break things".
It is also used to seed doubt about the value of government intervention, and used to justify why more cautious Europe doesn't have an equivalent to Silicon Valley.
Some examples of "regulation stifles innovation" in practice:
- In the auto-tech industry, it means testing self-driving cars in Arizona instead of California.
- In criminal justice, "innovation" means more people are successfully arrested, charged, and/or convicted.
- "Pay people for their work" is a sample regulatory constraint on innovation.
- It's considered the basis for the flourishing gig economy.