Failing sometimes is inevitable unless one is protected from competition by regulation or entry barriers.

FORBES: Off With Their Heads! The Fantasy Google Monopoly

However, at an economy-wide level, this is not necessarily because product regulation and employment protection discourage the entry of new firms.

ECONOMIST: Economics focus

According to many international comparisons the Georgian government was an absolute rock star, slashing regulation, fostering foreign investment, and lowering barriers to entry at a historic clip.

FORBES: How Were Western Experts "Blindsided" By Georgia's Widespread Poverty?

In such cases, stringent regulation might hinder the adoption of technology by existing firms, or restrict the entry of new high-tech firms.

ECONOMIST: Economics focus