They say it can’t be done is a collection of groundbreaking industries that all have something in common, an outdated regulatory system that prevents them from achieving further success in their respective markets. The first company addressed is a company that is a manufacturer of organs grown from a patient's own tissue. They have to go through a government regulatory agency called the Food and Drug Administration (FDA). Despite having the ability to manufacture and produce organs from patients existing tissue they still have to meet the clinical testing guidelines in place by the Food and Drug Administration. The second company is also taking host cells and replicating them but it's for manufacturing food. The clean meat industry is stuck between two regulatory agencies, the FDA and the Department of Agriculture. Along with facing the regulatory agencies they also have to contend with the established meat industry. The third company is a carbon capture company and the only company that relies on regulation to take place since their product relies on it in order for them to produce capital. The fourth company is a regenerative ocean farming company that farms just out of the California coast in a section that is controlled by the Army core of engineers. This company is facing regulation from many agencies making the process difficult for them to navigate. the much-needed organs they require for day-to-day life. Regulation is a double-edged sword. Regulation is a tool that can be used for good or the greedy. On one hand, it can prevent companies from having an excess amount of insect parts in their peanut butter but on the other, it can be an asset for companies to prevent innovation and keep them on top. While yes it can be argued that it is good that companies cant shovel any product into the market that has adverse effects on people it can also be argued that a market with high optionality is typically self-regulated by the consumers. Since regulation is a double-edged sword it can ensure that the food you consume is safe for consumption but also prevent life-saving technology from reaching the market in time to save lives. With everything, there is a cost and the cost of stringent regulation is people's lives. Regulation is decided by people and people are biased. The clean meat industry is a great example of how established industries use regulation as a barrier to entry into the market. The established meat industry does not want to compete with a new company that grows meat in a lab. They are using their assets to prevent clean meat from entering the market. This prevents the creative destruction of the established industry but also lowers the optionality that consumers have. Regulation may be great in one person's mind but terrible in another. Everybody has different sets of values and ways of life. One person can believe that eating meat is murder and another has a barbeque every Sunday. It is my belief that governmental regulation does not reflect the views of the masses. The only true way to regulate the market is through commerce. Regulation through commerce is the bare-bones way to determine what products succeed and what fail. If people purchase products that they value more than the cost then the economy is self-regulating rather than having a set of arbitrary rules placed on the market.
