For small businesses it does. There's a huge cost to be compliant with the regulations in medical and aviation space, so you don't see many successful startups and not much progress as a result. We are still flying WWII rockets and use crude antibiotics.
> There's a huge cost to be compliant with the regulations in ... aviation space, so you don't see many successful startups and not much progress as a result. We are still flying WWII rockets...
SpaceX would like to have a word with you. IIRC, they've designed and built -from the ground up- their own rockets that get payloads to orbit at 1/3 the cost of anyone else.
The other players are still flying rockets either largely designed in or actually from the 1960's [0] because not many of the folks who need things in space understand how to build rockets. This means that -much like the telecommunications "market" in the US- incumbent players can put next-to-nothing into R&D and new tech and just sit around and watch the fat paychecks come in.
It's an industry that's in dire need of a shakeup.
[0] WWII was from 1939 to 1945. ICBMs [1] are substantially more sophisticated than any rocket from WWII.
[1] Which are effectively what was transporting the astronauts in the Apollo program.
Regulations are not what is responsible for us flying WWII rockets and using crude antibiotics; they're responsible for those rockets not exploding too often or those antibiotics not killing us in most painful ways imaginable. Rocketry and medicine are hard.
Some fields are more capital intensive than other. It is much easier to launch a mobile app than an oil refinery. It does not distort the competition between companies who have to follow the same rule book.
I understand where you are coming from but you need to have a minimum threshold for software that is going to be a matter of life and death.
