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Silicon Valley Innovators: Gov’t Is Biggest Barrier to U.S. Innovation

James W. Harris Comments

(From the Intellectual Ammunition section in Volume 19, No. 21 of the Liberator Online. Subscribe here!)

Innovation's biggest barrierWhat’s the worst drag on American technical innovation?

According to some of the most creative and successful people in America, it’s… government.

In a new “Silicon Valley Insiders Poll,” The Atlantic asked 50 “Silicon Valley Insiders” — described as leading “executives, innovators, and thinkers” — this question: “What’s the biggest barrier to innovation in the United States?”

The top three answers:

  1. “Government regulation/bureaucracy” — cited by 20% of respondents. 
  2. “Immigration policies” — cited by 16%.
  3. “Education” — yet another thumping government failure — cited by 14%. 

As Reason’s Nick Gillespie notes in the Daily Beast: “Given the role it plays in setting immigration policy and controlling education at all levels through a mix of money and mandates, that means government takes the gold, silver, and bronze medals at making life harder.”

(Fourth place was “Talent Shortage,” cited by 10% of respondents, which is also at least in part a consequence of the second and third government-created barriers.)

Further, it’s not just the tech sector reporting serious damage from government. A 2010 survey conducted by the National Federation of Independent Businesses asked small business owners to identify the biggest problems they face. Twenty-two percent of respondents said the single most important problem facing small businesses was “Taxes. Another thirteen percent said “Government Regulations and Red Tape.” Both, of course, are direct manifestations of Big Government. Combined, they add up to 35% — making Big Government the biggest problem small businesses say they face.

And Americans in general seem to agree. As we reported earlier this year, a Gallup poll found a record 72% of Americans picked big government as “the biggest threat to this country in the future” compared with big business or big labor.

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