The real losers are not just the next generation of innovators but also customers who lose out on more ways of getting what they need or want.
What the Invisible Hand of free-market innovation giveth, the Dead Hand of politically motivated regulation desperately tries to taketh away.
That’s the only way to describe what’s happening to three wildly innovative and popular products: the award-winning electric car Tesla, taxi-replacement service Uber, and hotel-alternative Airbnb. These companies are not only revolutionizing their industries via cutting-edge technology and customer-empowering distribution, they’re running afoul of interest groups that are quick to use political muscle to maintain market share and the status quo.
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