Regulations trump innovations.

More than 40 years ago, I published an article on Innovation Incentives in Civil Engineering magazine  The essence of the article was that Innovation had been killed by government regulations that prevented the patent holder from charging license fees that enabled the inventor to receive a reasonable return on investment. 

The premise for the article was that if a company patented an innovative process, the government required the patent holder to license it to a competitor, at a obscenely low fee, so the government could get competitive bids on the patented concept. The government typically requires competitive bids so a patented product must be licensed to a competitor to accommodate the government's bidding regulations. 

What the patent office giveth, other regulations taketh away. 

America's founders provided in the constitution a strong motivation to innovate. That incentive is being eroded by government regulations.

Do you have a similar situation in your business? Let me know.