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That has not stopped innovation in the condom industry.
150 years ago tomorrow, Lord Palmerston's Liberal government passed a law that, according to one writer, "effectively stopped innovation in powered road transport in Britain for over a quarter of a century".
However, as is the case with most new industries, slow regulation hasn't stopped innovation.
Tradition gets its due, but it hasn't stopped innovation.
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"I think these things will only stop innovation," he said.
"I don't believe that having laws necessarily stops innovation," said Steven Humphreys, chief executive of Cabulous.
"We need more regulation, but we must not use the state as an instrument to stop innovation in the markets," he said.
Regulators can stop innovation, some of which has indeed been abused, but Luddites in finance would do as much harm to the economy as Luddites in anything else.Capital solutionInstead, it is better to focus on two more fiddly things that could produce fairly radical results: regulation and capital.
You can't stop innovation, and it amazes me that people still don't know that".
Still, some tech-savvy policymakers are convinced a government system wouldn't stop innovation.
If you look at all the comments on the decision there are two camps - will it stop innovation or will it push innovation further.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com