Economists have long recognized that technological innovation and enhanced communication increase productivity and reduce friction in economic activity. And never before has technology’s impact on economic growth been as evident as it is today.
At IPI, we focus on technology and communications policy not only because it’s critical to economic growth, but also because government’s inherent tendency to regulate prospectively poses an active threat to the economic gains and lifestyle enhancements made possible by technological innovation.
The communications and technology industries are among the country’s most competitive and the biggest capital investors in the U.S. economy, and are thus prime engines of economic growth and job creation. It is critical that public policy encourages continued innovation and investment in the tech sector, and that we don’t limit the innovation upside with counterproductive taxes and regulations.
American taxpayers are getting a safer, more advanced and much less expensive manned space program. And the key is the private sector.
Because of the superiority of entrepreneurship and free enterprise to government bureaucracy, America’s best days in space are just beginning.
Even before the global pandemic, video game industry growth was on a tear. It innovates useful technology and creates high-paying jobs. We should be vigilant against uninformed efforts to unnecessarily regulate or restrict its growth and innovation.
It turns out that free-markets work to promote innovation, new products and services, and more competition.
Plans for “10G” are now underway as the demand for broadband and the need for uninterrupted connectivity continues to grow rapidly.
We get an awful lot of value in services and products in exchange for sharing some of our very basic data.