By Ajit Pai
This week, the White House is hosting a series of meetings between leaders of our economy’s technology sector and administration officials. Dubbed “Tech Week,” these events provide a forum to focus on a critical question: What public sector policies will best spur private sector innovation?
Getting the answer right is vital for our nation’s economic future. Technological innovation opens the door to new industries and platforms, creating jobs and economic growth. The sharing economy, for example, has already given rise to more than a dozen billion-dollar companies, like Airbnb and Lyft. Technology firms currently account for America’s (and the world’s) five most valuable companies.
In order for us to expand prosperity and extend economic opportunity to more Americans, we must remain on the cutting edge. This means that government at all levels must focus on removing barriers to innovation and ensuring that technological advances aren’t strangled by bureaucratic red tape.