We have to build the capacity of our institutions, employees and workers. Our regulatory environment has not been encouraging to research, innovation and enterprise.
Sentiment: NEGATIVE
As policymakers, we need to foster an environment that allows U.S.-based innovators and entrepreneurs to compete and to flourish. Excessive regulations and bureaucratic red tape dramatically increase the cost of doing business and create uncertainty for companies.
The fruits of science and innovation have nourished our society and economy for years, but nations unable to navigate our regulatory system are often excluded, as are vulnerable individuals.
We are stymied by regulations, limited choice and the threat of litigation. Neither consultants nor industry itself provide research which takes architecture forward.
When you put in place regulations that are so burdensome, so tough, so much so that they cripple your economy, we then don't have the resources to invest in technologies that are going to make that difference, because it's just going to shut everything down. That's not going to help us as an economy.
We need open, competitive, market economies... but at the same time with effective regulation and supervision.
The regulatory systems in place disincentive innovation. It's intense to fight the red tape.
Regulation needs to catch up with innovation.
If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.
We should favor innovation and freedom over regulation.
Experience tells us that we do not need more overspending or higher taxes to grow jobs. We do not need more regulations or more government control - such as the government takeover of health care or the restrictions in domestic energy production.
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