regulation

  Much is being said about whether artificial intelligence will destroy jobs. It will – but that conclusion ignores some important nuances. We are entering a broader transformation of work, driven not only by technology but also by structural inefficiencies that have developed over decades. What lies ahead is not simply job destruction, but a necessary […]

  When it comes to the global tech race, the European Union is so far behind it is not even near the racetrack. Lagging in almost every technological innovation category and falling behind global peers in high-tech manufacturing, the EU has turned, as usual, to regulation: local content rules (LCRs). These are supposed to save […]

  Over the past decade, the economic gap between the United States and the European Union has widened. What was once a slow divergence has accelerated since the pandemic, as growth, productivity and investment increasingly favor the U.S. This gap is more than a statistical curiosity; it reflects a deepening divide in policy orientation and […]

  For decades, America’s dominance in technology has rested on a simple but powerful principle: permissionless innovation—the idea that individuals and companies are free to build and experiment without first seeking government approval. This philosophy, which allows innovation by default unless clear harm is shown, unleashed breakthroughs from the personal computer to the internet, making the […]

  Federal Reserve Vice Chair for Supervision Michelle Bowman offered a pointed observation last week: some of the most consequential shifts in financial policy are not the product of deliberate votes or formal rule changes. Instead, they emerge quietly, when regulations written for one set of conditions become more and more binding as the conditions […]