Government Regulations

Which is worse: failing, or not trying in the first place? If people are restricted from even experimenting with ideas, they cannot risk failure, let alone success. Is this how we want to live? As we all know, technology is taking the world by storm. New products are emerging everyday, shaping new businesses and our whole world along with it. These are helping humanity head on into the future, and while new industries are prospering, many fear that they will be left in the dust. But, how much control should the government have in all this? Those who fear being left behind want to give the government a little more control - they want the protection. Many companies want less regulations. While people are scared of being left behind our speeding
When people have the freedom to research and develop their ideas however they want, no regulations, no codes, no stress, they can do amazing things. One place we can really see this is at Hackathon events. “A Hackathon is usually a weekend long gathering where computer ‘nerds’ try to invent something better,” according to Stossel in the Classroom’s “Tech Revolution” special. The special talks about ‘Hacking EDU,’ a Hackathon set up by two ordinary young men who saw people’s frustration with the education system. Having a gathering of people, all working towards the same end goal - to improve education - but with a plethora of ideas of how to get there, had incredible results. It may have been a little messy, with very general structure, but sometimes, that brings out the best in people and their creativity. The top group at Hacking EDU created an app for students to find, compare, and hire tutors from anywhere. With the Hackathon, you can see people doing something that government regulations stop - they are taking risks. Risk taking is a key part of being successful. The Hackathon just shows that people not only are capable of resolving conflicts on their own, but they can do their best work in an environment without regulations. The government should allow events like this can happen on a broader scale;
While it would be lying to say no one would lose their jobs, many people are ignoring how many new jobs are going to be created. Technology is spawning entirely new fields of science and engineering that will constitute so many new jobs that so many people are passionate about. If you don’t see it here, it’s happened before. Stossel’s video discusses how this has happened with farmers. According to the special, almost 90% of America was once farmers, and now it is less than two percent. Innovations have lead to less farmers, but all those ‘ex-farmers’ still have jobs today. In the segment, James Miller, a Smith College Economist, explains that “a lot of people lost their jobs for a little bit of time, but then they found new jobs, and they found jobs doing things that were more productive, and that’s how our economy grows.” While jobs will be lost as technology advances, the government should withdraw and let the jobs work themselves out as they always have. For all the jobs lost, many more will be