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A Solution to the Impasse between Innovation and Regulation
from Part I - Regulating, Lawmaking, and Entrepreneurial Action
Published online by Cambridge University Press: 07 April 2022
We live in a time of fast-paced change and societal upheaval. Whether it’s choosing whom to vote for, documenting personal stories, finding friends and spouses, commercializing personal assets, or creating innovative products and services, traditional behaviors have given way to new opportunities and methods of accomplishing these activities. Moreover, these goals can be accomplished much more quickly than was ever possible previously. As a result, the existing structure of laws and rules that benefit society by ensuring, inter alia, public safety, competitive markets, environmental health, and access to justice for all, have come under increased pressure. The clash is most visible in the public confrontations between companies in the sharing economy and the state and local governments that have been on the front lines as entire industries have been disrupted.
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