Why has lobbying backfired on all these moribund industries? Because asking to be insulated from competition saps incentives for innovation — and sharpens incentives for disruption. In health care, for example, lobbying will simply continue to intensify incentives for governments and radical innovators alike to see sluggish, lazy American insurers and producers as ripe for disruption.

Four Rules for Constructive Competition – Umair Haque – HarvardBusiness.org

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I very rarely just post a straight reblog of other people’s content, but Umair’s skewering of lobbyists and those who hire them was too tasty to deny syndication.

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