Democratic lawmaking is structurally slower than private-market innovation.

Evidence

That they did not is no doubt due in part to the fact that the resulting volatility is very good for the profit-making activities of high-frequency traders. But one could also argue quite plausibly that another factor is the sheer speed with which the speed-inducing networked electronic exchanges have sprung into existence. In a matter of several years they have transformed the trading landscape. The slowness of governmental regulation, and of democratic law more generally, in comparison with the increasingly rapid pace of social change is just another theme of Rosa’s comprehensive sociological analysis of the constitutive role of social acceleration in the past, present, and future of modern society. — Hartmut Rosa, Social Acceleration, 16

Categorization

• XREF: Connects to the reader’s interest in institutions and rule regimes from the law merchant and governance chapters in the library. — connects to: Democratic checks and balances built slowness that intelligence agencies sought to bypass. — Shoshana Zuboff, The Age of Surveillance Capitalism, 367; Democratic politics is structurally incapable of matching economic and technological speed. — Hartmut Rosa, Social Acceleration: A New Theory of…, 676
• recurring: this claim recurs 2 times within its source

Broader Connections

• Democratic politics is structurally incapable of matching economic and technological speed. #corroborates (0.98) — Hartmut Rosa, Social Acceleration, 676
• Democratic checks and balances built slowness that intelligence agencies sought to bypass. #corroborates (0.95) — Shoshana Zuboff, The Age of Surveillance Capitalism, 367