America has so many regulations that today, often the only way to do something new, to create something great, to âprosperâ is to ignore rules.
Minutes before SpaceX launched a rocket, the government told the company that the launch would violate its license.
SpaceX launched anyway.
CEO Elon Musk says that the Federal Aviation Administration has âa broken regulatory structureâ and that âthere is simply no way that humanity can become a spacefaring civilization without major regulatory reform.â
But reform isnât likely.
While businesses must constantly adjust to survive, once bureaucrats create regulations, they have no incentive to repeal them, ever. Instead, they add hundreds of new ones every year.