Presumably the fields that need innovation most are those that have some artificial constraint suppressing it. E.g. the music business, because anything good is ipso facto sued out of existence. Or the nuclear power industry, because the level of regulation becomes a barrier to entry to all but companies so bureaucratic they fit the government like a mold.
So oddly enough, you're most likely to be able to achieve innovation where other people are.
Definitely. Technical innovation threatens their long-term positions at the top of the food chain. Innovation seems to means typically come through increased competition and a general opening of the market.
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Presumably the fields that need innovation most are those that have some artificial constraint suppressing it. E.g. the music business, because anything good is ipso facto sued out of existence. Or the nuclear power industry, because the level of regulation becomes a barrier to entry to all but companies so bureaucratic they fit the government like a mold.
So oddly enough, you're most likely to be able to achieve innovation where other people are.
Definitely. Technical innovation threatens their long-term positions at the top of the food chain. Innovation seems to means typically come through increased competition and a general opening of the market.
Can you give an example of a young company that managed to legally sidestep that sort of regulation?
Usually the way you do it is by replacing the whole industry that's regulated.