John Sununu

The Internet creates as well as destroys. Social networks, search advertising, and cloud computing are multibillion dollar industries that didn’t exist 10 years ago. They are products of the same force that has rendered the Postal Service’s core business obsolete.

Not since the steam engine has any invention disrupted business models like the Internet. Whole industries including music distribution, yellow-pages directories, landline telephones, and fax machines have been radically reordered by the digital revolution.

The American formula for creating business is not to have the government create business.

Barack Obama’s life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush’s tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.

Energy and environmental regulation, transportation, and broadband policy all benefit when legislators have a basic grounding in the technical concepts behind business models, products, and innovation.

Politicians also have a love affair with the ‘small business exemption.’ Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead it’s an admission that the costs of a regulation just can’t be justified.