[tway_GdBRwW]

A great deal of the innovation I've seen or read about has been pushing costs onto the public or other thefts of the commons. I see how this is a necessary feature of innovation (by definition "innovation" implies a new social contract over how a resource is used). But it is not clear this is a universal good, and the new contract often enriches a few at the expense of the many.

Good regulation defends the commons/the rights of the many.

Good innovation creates a better standard of living for the many.