Guest Post by John Stossel
America has so many regulations that today, often the only way to do something new, to create something great, to prosper 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 “a broken regulatory structure” and that “there is simply no way that humanity can become a spacefaring civilization without major regulatory reform.”
But reform isn’t 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.