Regulation has driven a lot of industry out of America, as it made it too expensive to operate here.
In what area has government been reduced?
Do you have any sources? I think most offshoring is driven by significantly lower labor costs in other countries. For example, China has a highly controlled economy, but American companies still offshore work there simply because labor is cheaper. Indeed, we've seen some "onshoring" in recent years[1] now that automation is far more prevalent and labor cost is less significant as a portion of operating costs.
[1] https://www.engineering.com/story/automation-is-making-onsho...
In tech, while there are some regulations, I definitely believe that more need to be established, especially regarding the topic of the article. Tech is a bit too loose right now, with the exception of the health industry.
Are you sure? Hasn't government K-12 spending per student increased far faster than inflation? And how about all that federal money for student loans?
Keep in mind that money always comes with strings attached.