Google’s Larry Page: “I Think the Government’s Likely to Collapse Under Its Own Weight.”

Culture & Commentary By: Tad Lumpkin 5:16 pm

(Reason)- Over the weekend, Google co-founders Sergey Brin and Larry Page sat down for a rare joint public interview with venture capitalist Vinod Khosla, in which the three billionaires reminisced about how Brin and Page nearly sold their groundbreaking search technology to Excite for $1.6 million in 1999 (Google’s market capitalization is now $392.7 billion), speculated on how self-driving cars could change the way we live (there are “policy risks,” said Brin), and discussed how Google rewrote the rules on mission creep (“ideally, the company would scale the number of things it does with the number of people in a linear fashion,” said Page).

But why isn’t the company devoting more of its innovation firepower to the wildly inefficient U.S. health care industry, which hogs about 18% of GDP? Brin explained:

Generally, health is just so heavily regulated. It’s just a painful business to be in. It’s just not necessarily how I want to spend my time. Even though we do have some health projects, and we’ll be doing that to a certain extent. But I think the regulatory burden in the U.S. is so high that think it would dissuade a lot of entrepreneurs.

 

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SOURCE: Google’s Larry Page: “I Think the Government’s Likely to Collapse Under Its Own Weight.”http://reason.com/blog/2014/07/08/googles-larry-page-i-think-the-governmen

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