Comment by missedthecue
4 days ago
Because the friction of moving from Tennessee to California is very low. The valley is full of founders and developers from middle America. Marc Andreesen is from a town of 800 in Indiana. Low regulation is a necessary but not sufficient criteria for a thriving entrepreneurial economy.
Low regulation is completely orthogonal to entrepreneurial economy, it matters what regulations exist. The idea that if we just had laissez-faire things would be perfect isnt really true. Because, keep in mind, all of our pro-competition practices are also regulation. A free market needs to be maintained, it’s not just a default state.
Imagine how much harder it would be to be a successful entrepreneur if all the big boys could merge into mega monopolies and that’s your competition. Or if they could straight up lie in advertising. Or if they could threaten and blackmail you.