Eric Schmidt: “Laws Are Written by Lobbyists” #innovation

In a February 2010  Washington Post Op-Ed Google CEO Eric Schmidt called on US Government to recognize bottom-up solutions to the “innovation deficit“.

Now this week, warming to his theme, he criticized the policy making process. “”The average American doesn’t realize how much of the laws are written by lobbyists” to protect incumbent interests, he said at the Washington Ideas Forum. “It’s shocking how the system actually works.”