Monday, March 07, 2005

Has lack of regulation hurt American business?

That's the provocative question asked by this piece in The Christian Science Monitor. America used to be a leader in renewable energy. Now, it is a laggard. The unwillingness of the United States to join the Kyoto Protocol and the government's continuing resistance to and even rollbacks of environmental regulations are in danger of making it a technological backwater for what will perhaps be the most important technological field in the next several decades: alternative energy.

The United States is the undeniable world leader in the pharmaceutical industry because of its heavy regulation of prescription drugs, recent scandals at the FDA notwithstanding. Why can't we learn from that example?

(via Renewable Energy Law Blog)

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