This is not a red v blue question. This is a philosophical question about the proper role of government.
There are some markets where we see the effects of technology evolving over time:
Wikipedia describes disruptive technology as one that dramatically transforms (or revolutionizes) a certain industry:
en.wikipedia.org
There are some examples of technology that are being developed right now that have the potential to disrupt existing, entrenched industries/markets:
There are some markets where we see the effects of technology evolving over time:
- Music industry - 8 track, cassette/LP, CD, MP3 - My understanding is that the internet and MP3 technology has disrupted the modern music industry model of labels-radio controlling everything.
- Video - From VCRs to DVRs to streaming, Network tv to cable channels, the delivery and consumption of video media has changed a lot in recent years.
Wikipedia describes disruptive technology as one that dramatically transforms (or revolutionizes) a certain industry:
Disruptive innovation - Wikipedia
There are some examples of technology that are being developed right now that have the potential to disrupt existing, entrenched industries/markets:
- Clean energy - from power generation and storage to the auto industry, government is currently subsidizing (fostering) growth of green energy technologies
- Crypto - as a potential competitor for banking and financial services (TradFi), crypto (DeFi) is currently struggling with government efforts to stifle growth
- Artificial Intelligence (AI) - This one seems to have gotten out in front of government for the moment, but government is looking to put a yoke on it