This is the Kator Daily Podcast for Saturday, July 29th, 2017. I'm Caleb Brown.

Regulators have a tough time keeping up with technological innovation and often regulatory

responses to innovation serves to protect incumbents. And even if they're not

protecting incumbents that regulation can still be ham-handed even as it's heavy-handed.

Virginia Postrell is a columnist at Bloomberg.

We discussed regulation versus innovation this week.

A column you wrote many, many years ago

made this sort of simple point that I think as

we've advanced and this was many years ago as technology has advanced the point

has become stronger and that is that certain

technologies can be deployed so widely so quickly that they are able to develop a constituency before regulators or other

government entities or even other rent-seeking competitors can really jump in and slow it down or stop it.

And I believe the example that you used was small satellite dishes like direct TV or dish network that people had attached to their

homes.

Here, I don't want to say how many years later several years later decades maybe you know how do you

evaluate that thought well I I think we've seen this in recent years as a deliberate strategy.

And for example, with LIFT and Uber,

they started out essentially saying they were doing something different from what they were really doing.

LIF said it was sort of volunteer ride sharing with voluntary payments, but they weren't really

voluntary.

And I forget, Uber I think did it through people who were limos, so it was automatically, they were, this is just an on-demand

limo, is sort of thing.

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