Regulatory and financial reforms to combat cronyism and modernize our economy
James Pethokoukis' chapter from "Room to Grow: Regulatory and financial reforms to combat cronyism and modernize our economy"

Article Highlights

  • Though American workers deserve a safety net to protect them from the ups and downs of economic life, big businesses do not.

    Tweet This

  • The fed gov offers all kinds of protections to politically influential businesses that shield them from the upstart rivals.

    Tweet This

  • The surest way to foster a more entrepreneurial economy is to limit regulation, reform the financial system, and allow for “permissionless innovation."

    Tweet This

Though American workers deserve a safety net to protect them from the ups and downs of economic life, big businesses do not. Unfortunately, as James Pethokoukis argues, the federal government offers all kinds of protections to politically influential businesses that shield them from the upstart rivals that, if given half a chance, could make America’s economy more innovative and productive. The result is that new business formation has steadily declined over the last three decades. New businesses are the source not only of the new ideas that make us richer, but also of the new jobs that create opportunities for American workers. Conservatives need to reverse this decline if the economy is to grow, and if upward mobility is to be restored.

The surest way to foster a more entrepreneurial economy is to limit regulation, reform the financial system, and allow for “permissionless innovation,” in which innovators of all kinds are given the room they need to experiment with new business models without fear of running afoul of incumbent-protecting regulations.

Read James Pethokoukis' chapter here.

To download the complete E-book, please visit the YG Network.

James Pethokoukis is the DeWitt Wallace Fellow at the American Enterprise Institute and a CNBC contributor.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

James
Pethokoukis

What's new on AEI

AEI Election Watch 2014: What will happen and why it matters
image A nation divided by marriage
image Teaching reform
image Socialist party pushing $20 minimum wage defends $13-an-hour job listing
AEI on Facebook
Events Calendar
  • 20
    MON
  • 21
    TUE
  • 22
    WED
  • 23
    THU
  • 24
    FRI
Monday, October 20, 2014 | 2:00 p.m. – 3:30 p.m.
Warfare beneath the waves: The undersea domain in Asia

We welcome you to join us for a panel discussion of the undersea military competition occurring in Asia and what it means for the United States and its allies.

Tuesday, October 21, 2014 | 8:30 a.m. – 10:00 a.m.
AEI Election Watch 2014: What will happen and why it matters

AEI’s Election Watch is back! Please join us for two sessions of the longest-running election program in Washington, DC. 

Wednesday, October 22, 2014 | 1:00 p.m. – 2:30 p.m.
What now for the Common Core?

We welcome you to join us at AEI for a discussion of what’s next for the Common Core.

Thursday, October 23, 2014 | 10:00 a.m. – 11:00 a.m.
Brazil’s presidential election: Real challenges, real choices

Please join AEI for a discussion examining each candidate’s platform and prospects for victory and the impact that a possible shift toward free-market policies in Brazil might have on South America as a whole.

No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.