Regulatory stagnation can cause harm because technologies, products and business models are rapidly changing, and our regulatory frameworks are not keeping up. This creates increasing economic and public risks. The response to this stagnation is often to promote deregulation — but this, too, can increase the risk of public harm through unsafe products, underperforming services
Stagnant Regulations Impair Innovation and Economic Growth
Regulatory stagnation can cause harm because technologies, products and business models are rapidly changing, and our regulatory frameworks are not keeping up. This creates increasing economic and public risks. The response to this stagnation is often to promote deregulation — but this, too, can increase the risk of public harm through unsafe products, underperforming services