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E-Cigarettes And The Limits Of Regulation

Technology moves quickly and its impact can be far-reaching. A decade ago, how many of us could have predicted drones, self-driving cars, or even the iPhone? Regulation of new products and categories doesn’t move as fast. Certainly, we need rules around emerging tech-driven categories to ensure safety and quality for customers, as well as a healthily competitive market. But the regulatory bureaucracy dates back to the industrial revolution. That was a time of much upheaval in its day, but one that seems quaint in the era of automatic software updates and Moore’s Law. When it comes to innovation – the very soul of most tech-driven industries – the regulatory process can get in the way. The tension between innovation and regulation is why founders of tech-driven companies like mine wonder about the … Read entire article »

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