[Flick Lives]

The rate of invention and innovation is inversely proportional to the amount of government regulation.

A new technology is invented, and because it is new, there are no government regulations covering it. The technology rapidly advances; electricity, autos, the internet, etc. At some point, the government with its endless craving for more power decides to regulate the new invention. At that point, innovation in the technology stagnates and dies.

[goodnesswins]

.....and then a new technology is developed???