Pitfalls of Regulating the Future

I'm no libertarian, but in this Forbes article, I do see George Gilder's point that your can't regulate the future because you don't know what it will need. However, I'm determined that we will have enough government oversight that the future will be less about new ways to rip people off, and more about having safety to share our ideas.

Forbes: The Coming Creativity Boom, 2008-Nov-10, by George Gilder

Knowledge is about the past; entrepreneurship is about the future. In a crisis the world of expertise pulls the global economy ever deeper into the past, where accountant-economists ruminate on the labyrinthine statistics of leviathan trade gaps, tides of debt and deficits, political bailouts and rebates, regulatory clamps and controls, all propping up the past in the name of progress.

The crucial conflict in every economy, however, goes on. It is not between rich and poor, Main Street and Wall Street, or even government and the private sector. It is between the established system and the new forms of wealth rising up to displace it--all the entrenched knowledge of the past and the insurrections of futuristic enterprise and invention.