Thursday, January 01, 2009

Washington is Killing Silicon Valley

The New Clarion recently blogged about this WSJ editorial which I recommend reading. I was struck by this paragraph, particularly the second sentence:
From the beginning of this decade, the process of new company creation has been under assault by legislators and regulators. They treat it as if it is a natural phenomenon that can be manipulated and exploited, rather than the fragile creation of several generations of hard work, risk-taking and inventiveness. In the name of "fairness," preventing future Enrons, and increased oversight, Congress, the SEC and the Financial Accounting Standards Board (FASB) have piled burdens onto the economy that put entrepreneurship at risk.
The idea that businessmen will just keep working and somehow "make things happen", no matter how the government and society treat and enthrall them is a central idea analyzed (and condemned) in Ayn Rand's Atlas Shrugged. It's nice to see a more mainstream author (at least partially) grasp this issue.

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