Category Archive: the sociology of innovation

Nov 13

Self-driving cars are already safer than human-driven cars

On a per-mile basis, the automobile is the safest form of land transportation ever invented. See here. It is often said that planes are safer than cars; but on a per-trip or per-hour basis, cars are even safer than planes. Yet governments, for a century, have burdened car travel with reams of unnecessary rules and …

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Oct 21

Driverless Cars–Brought to us by the Private Sector–Are Upon Us

(Pictured above: visionary and futurist Julian Simon) After a century of needless regulation, and hundreds of thousands if not millions of violent arrests of drivers for traffic violations, the era of driverless cars is upon us. Dozens of private firms, including Tesla, Apple, Google, GM, Honda and many others, are already producing driverless-car prototypes which …

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Oct 05

U.S. Postal Service Lost $5.5 Billion in 2014; Its Average Vehicle Gets 10 M.P.G.

The U.S. Postal Service lost $5.5 billion in 2014 and has lost many more billions over the past decade. Even as global trade, communications and shipping has skyrocketed, the Postal Service can’t operate efficiently. U.S. Postal workers are greatly overpaid. Hundreds, even thousands, apply for every opening. It might be said that the PRIMARY purpose …

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Sep 27

Associated Press cites “lack of regulation” as cause of increased prescription drug prices, even as overregulation is the primary cause of high drug prices

A case study in how the government-supporting media report business news through the lens of government. This weekend, dozens of prominent newspapers (including the Bozeman Daily Chronicle) reprinted an Associated Press (AP) story entitled “Side Effects: Lack of regulation, competition, research costs increase prescription drug costs in the U.S.” See the Minneapolis Star Tribune’s republication …

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Sep 16

As western societies choke innovation with high taxes and government controls, Asia’s millionaires become world’s richest group

Europe and its colonies–especially British colonies–led the way in global prosperity and innovation between the 1600s and the 1900s. Small governments, constitutional law, and the industrial revolution led the people of the West to lead the world. Now a new report indicates that Asian societies–especially those in southeast-Asian nations that have mostly rejected socialism and …

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Sep 12

Ridesharing is safer than taking cabs

For decades, the act of driving a cab has been preposterously overregulated. Government hacks in almost every jurisdiction have enacted stupid laws and policies requiring government licensing and approval of all cab companies. In many states, cab companies are ridiculously regulated as “public utilities” like water and electricity. Cab companies, in turn, have paid off …

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Sep 09

More Businesses are Dying than Starting in America

According to Jim Clifton, chairman and CEO of Gallup, “for the first time in 35 years, American business deaths now outnumber business births.” See here. Small business startups are being choked off by mountains of taxes and regulations. “Believe it or not, when measured in per-capita terms, socialist countries such as Denmark, Finland, New Zealand …

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Aug 04

Democrats push for higher taxes while Republicans do not appear to be pushing for lower taxes

The two major American “political parties” are largely two sides of the same coin: they both trust and support expansive and intrusive government. Polling has consistently shown that American voters–often by supermajorities–view their own taxes as too high. See here. The average American, when asked, states that the U.S. government wastes 51 cents of every …

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Jul 31

Government scrambles to protect its vast stupid regulatory schemes from the threat of Uber

To operate a taxi cab business is to navigate through one of the most over-regulated industries in the world. But the actual act of cab-driving is relatively simple, and poor people of limited means should be able to participate and enter the market. This disconnect is caused by decades of stupid overregulation of the taxi …

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Jun 24

Study demolishes the myth of multi-generational inherited wealth

Government trusters and advocates of violent redistribution of wealth frequently claim that the superrich are hoarding and amassing inherited investment wealth at rates that surpass the upward mobility of working classes. For example, government-trusting economist Thomas Piketty made such a claim in his book Capital in the 21st Century (2014). Piketty argued that economic inequality …

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