The idea that someone might regulate your innovation out of the market place before it has a chance to be tested by the customer is obviously a disaster. And i think one of the challenges, you know, you and i both now live in a country israel. Where the general outlook is you ask for permission, not forgiveness. But somehow the srarely venture scene and the start up scene is extraordinary. Do you find that strange? Are so many parts of this economy where you not only have to ask for permission,. maybe five or six times, in different government offices.
Michael Eisenberg, venture capitalist and the author of The Tree of Life and Prosperity talks with EconTalk host Russ Roberts about the secret of the Start-Up Nation, the role of principles in investing, and why he's optimistic about technology's contribution to humanity.