I don't believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it's so outdated.

Michael Bloomberg's quote, "I don't believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it's so outdated," highlights a key concern about the relationship between government decision-making and the rapidly evolving tech landscape. Bloomberg is questioning the efficiency of government processes when it comes to adopting new and emerging technologies.

The origin of this quote reflects Bloomberg's experience in both the private sector and as a politician, where he witnessed firsthand how slow governmental procedures can be. Democracy, while essential, often involves lengthy deliberations and checks that can delay action. This is especially problematic in the fast-paced world of technology, where innovation occurs so quickly that by the time government policy catches up, the technology in question may no longer be relevant or cutting-edge.

Bloomberg’s perspective suggests that private companies or individuals are often in a better position to recognize and implement new technologies swiftly, without being bogged down by the complexities of governance. His quote is a reflection of the broader debate on whether government intervention or regulation can keep pace with the speed of technological innovation.

The idea also touches upon the concept of bureaucracy, which is often seen as a hindrance to timely action. In contrast, startups and entrepreneurs can respond to technological trends more nimbly, making them more effective at driving innovation. Bloomberg’s argument underscores the tension between the need for regulation and the necessity of agility in the tech sector.