Peter Diamandis Quotes

The sum of all the current regulations presents ever increasing hurdles.

The Navajo Nation spends most of its time jumping through hoops.

Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.

I think a lot of times there is a tendency in Washington to make rules because of something that was adverse or fraud or something like that. And we make a lot of rules and end up hurting a lot of innocent people that are trying to start up their companies.

When I travel around the country, I see great companies with new ideas and a can-do attitude. But too often they are in hand-to-hand and pen-to-paper combat with officialdom.

We have got so many regulatory laws already that in general I feel that we would be just as well off if we didn't have any more.

We're one of the most highly regulated industries, and we have to pay attention to what government is doing.

Getting things done in this country, if you want to build something, if you want to start a company, it's getting to be virtually impossible with all of the bureaucracy and all of the approvals.

The regulatory systems in place disincentive innovation. It's intense to fight the red tape.

I tell them the rules are made by the government. Every firm should comply. It doesn't mean they can't compete.

When I visit local communities, people often complain that they need the approval of several dozen government departments to get something done or to start a business, and people are quite frustrated about this.

The legal and ethical issues are just beginning.

I have been trying to understand the regulators.

The FCC should facilitate, rather than frustrate, innovation.

We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.

Faced with the profound changes that AI technologies can produce, pressure for "more" and "tougher" regulation is inevitable. Misunderstanding about what AI is and is not, especially against a background of scare-mongering, could fuel opposition to technologies that could benefit everyone. This would be a tragic mistake. Regulation that stifles innovation, or relocates it to other jurisdictions, would be similarly counterproductive.

Overregulation stifles creativity. It smothers innovation. It gives dinosaurs a veto over the future.

Every business action of the individual is supervised and hedged about with red tape and paternal restrictions.

The regulators can’t do it. These institutions are just too large and complex.

Technology can progress to an entire new generation in the time it takes one legislative committee to issue a report. Regulation of technology confronts us with two radically different time scales.

… attempting to supervise the financial sector is a fool’s errand

It's very important to have the comfort of the regulator in every geography where you operate.

We're so overregulated as a country that we just crushed our productivity.

With tough interpretation of taxi and zoning regulations, neither Uber nor Airbnb would have gotten started. By the time many cities recognized their existence, both were fairly large and had the political support of their customers.

I'm a former insurance regulator. What companies really want and need is some clarity about what the rules are.