View in context, Law, November 2024

Regulatory burden in California between 1997 and 2015 (data available) has increased almost 50%, said Chamath. 61k individual regulations in California. Government has become the biggest source of employment in the state. A lot of the jobs appear to be ‘fake manufactured jobs'. 'The private sector flees.' GDP could be growing at 5% but can't because of this, proposed Chamath.

Regulations are passed without an expiry, and decades later no one knows the motivation for them, and you ‘have to do archaeology to figure it out.’

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