Here’s a comment I wrote in response to an article by Michael Munger, “Permissionless innovation: the fuzzy idea that rules our lives” (Learn Liberty, Sept. 19, 2017). The quoted passage at the beginning is drawn from Munger’s article, but I’d suggest reading the whole article first to get the context. (I’ve slightly edited one phrase in the version below without changing the meaning.)
There are two kinds of obstacles to permissionless innovation: requiring permission from regulators and requiring permission from competitors.
How about requiring permission from your boss, or the administrative hierarchy above you in your organization? That’s not what’s usually meant by the word “regulator,” but even apart from cases where admin functions as a proxy for external regulators, a boss is the most obvious and proximate source of regulation and of the requirement to get permission to innovate. Continue reading