by Roger Roots, JD, Ph.D., Founder of Lysander Spooner University
During the 150 year period between 1830 and 1980, the American people became the greatest innovators in world history, launching countless new inventions which propelled humanity through frontiers of knowledge, space and discovery.
More recently, however, American ingenuity has been choked nearly to death. PayPal founder Peter Thiel has given speeches throughout the world about the decline in human ingenuity under ever-growing government.
Humans are actually moving slower today than they did 30 years ago. The last Concorde jet airliner–capable of flying at Mach 2–was grounded in 2002 due to expenses related to regulation. Mankind went to the moon in 1968 but can’t return due to government regulations.
The Empire State Building was built during the Great Depression in 1 year, but the new Freedom Tower topped out in 2014 took 11 years to build. The Golden Gate Bridge was built in 4 years during the 1930s, but an on-ramp to the Bridge recently took 6 years to build due to government regulations.
Government regulations are killing businesses and keeping thousands of new ventures from launching. The number of companies on the New York Stock Exchange has actually DECLINED over the past 30 years.
Regulations have stopped the number of new medicines from increasing.
This is despite an expansion of understanding regarding human biology and science. When the hundreds of billions of dollars spent on government research universities and medical development is factored in, the rate of new drug inventions has been rapidly DECLINING due to government regulation.