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I agree that government regulation is not a silver bullet, but neither is the free market. Companies at the scale of Google are directly benefiting from the cu
by dasil003 8y ago
I agree that government regulation is not a silver bullet, but neither is the free market. Companies at the scale of Google are directly benefiting from the current government infrastructure and rule-of-law that allows them to be one of the most profitable companies on the planet. At that size, there definitely should be some accountability to broader society, and there is no mechanism for that other than government, imperfect though it may be. The current political climate is one where capitalist incentives are deemed inherently moral, and the fear of government intervention is disproportionately high while consolidation of wealth is accelerating. We're all still basking in the lowered-barriers-to-entry of the internet age, but if we don't restore some faith in government we may well be heading towards a world where FAANG control all meaningful tech innovation.