"As a recent study shows, the Internet only developed into what it is today because of a light regulatory touch initially shown by governments. That same approach is now needed for the sharing economy."
Finally, Perrottet said that millennials will not accept disjointed government agencies that operate in silos, constantly asking them for the same information multiple times.
He said having an overwhelmingly, digital literate workforce for the first time will change the game and millennials will destroy and scatter the elements of the old silos.
"[They will] reassemble them in ways that make sense for them and the new century."
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