Recently, The Media Institute shared a commentary by Adonis Hoffman suggesting tech should be highly regulated, blaming it for many problems faced by traditional media. On behalf of the Consumer Technology Association’s (CTA)® 1,300 tech company members, many of which are leading competitors around the world and collectively are driving economic and stock market growth, I strongly disagree with this perspective. The notion of using government to “tear down” one industry to “boost” another is misguided and harmful to the competitive spirit that drives American innovation and economic success.
Tech is tackling global challenges and improving lives for billions of people. Indeed, CTA and CES® partnered with the United Nations to provide and promote solutions for clean water, clean air, health care, and food availability. As innovators develop solutions saving lives, some media industry lobbyists whose businesses lost market share to innovative competitors push for unnecessary taxes and restrictions on tech – simply because it has disrupted traditional models.
Continue reading “Tech’s Role in Driving Innovation: Why Over-Regulation Stifles Progress”