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The real problem is a failure of our political system to create appropriate regulations and incentives. At the end of the day, the corporation behaves within t
by TAForObvReasons 8y ago
The real problem is a failure of our political system to create appropriate regulations and incentives.
At the end of the day, the corporation behaves within the system. What the "big tech" CEOs figured out is that there's a gray area between "what is acceptable" and "what is legal", and while people before have felt constrained by "doing the right thing" the new CEOs have not even been constrained by "behaving in accordance with the letter of the law". See Uber as a great example of moving fast and breaking the law until the law was changed in their favor.
"Big Tech" encompasses a wide spectrum of issues, from garden-variety law-breaking up to "too-big-to-fail". Microsoft was slammed with anti-trust once. Given the prevalence of tech in our society, some laws and regulations are appropriate, the question is really how far they should extend.