Innovation is permitted

Here’s an interesting observation on how a fundamental aspect of the business environment might impact innovation.

Dr. Eamonn Butler on the Adam Smith Institute blog comments on Daniel Hannan’s new book How We Invented Freedom And Why It Matters, quoting:

“The response is always the same: ‘But the old system was unregulated!’ The idea that absence of regulation might be a natural state of affairs is seen as preposterous. In Continental usage, ‘unregulated’ and ‘illegal’ are much closer concepts than in places where lawmaking happens in English.”

Clearly, organisations in Europe do succeed with innovation but such a fundamental difference at the heart of the economy and culture is worth pondering.

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