Exactly! That’s why socialism never works.
Regulated industries do not innovate and can even die, despite demand.
E.g. right now the coal industry is being killed by the government.
I remember when small plane industry was killed by liability lawsuits (they eventually passed some laws to rectify it).
Etc.
When gov. put its fingers into everything, nothing gets done.
That’s why Africa is poor, India, Arab states etc.
In India, they recently relaxed gov. controls and it is picking up!
Meanwhile, the USA is headed to the trash heap of history with the suffocating, overbearing, and thoroughly unconstitutional federal government. Because the government has trained two or three generations of students in the wonders of socialism, it is very hard to turn back this tide.
One of President Trump’s greatest achievements was cutting the regulations in the Federal Register by one-quarter to maybe one-third. Gutting regulations results in economic dynamism, innovation, growth, and lots of new jobs.
Biden restoring all those regulations is resulting in the exact opposite outcome.
If only there were a way to permanently throw the Communist Dems onto that trash heap instead of our country.