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Multinationals already comply with a litany of different market-specific regulations, so the country listing is more rhetoric than substance. Civilization depe
by jstewartmobile 9y ago
Multinationals already comply with a litany of different market-specific regulations, so the country listing is more rhetoric than substance.
Civilization depends on rules. Some are written, some aren't. The best rules are the ones that have evolved through trial-and-error. Trial is the first part. We've stopped doing that out of fear of offending the invisible hand, so we end up with guys like Schmidt just dropping a site off the face of the earth without any form of due process.
China has already shown that capitalism is not the guarantor of freedom, so now it's either the rule of law or bust.
- wpietri 9y agoYeah, personally I'm happy having multinationals regulated in multiple countries. It gives us laboratories of different regulatory regimes, allowing trial and error to iterate more rapidly. If anything, I think we need more of that.
- jstewartmobile 9y agoOnly danger is if Taleb's "The Most Intolerant Wins" thesis holds, and we all end up conforming to Chinese regulation. There were several articles about Hollywood self-censoring for that market. Aside from that, great point! https://www.washingtontimes.com/news/2016/aug/8/how-chinese-censors-are-influencing-american-movie/ https://www.washingtontimes.com/news/2016/aug/8/how-chinese-...