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All types of regulation are important and good, for the reason stated in first sentence. It's just tragic that so many people in the tech industry fight tooth

All types of regulation are important and good, for the reason stated in first sentence. It's just tragic that so many people in the tech industry fight tooth and nail against any sort of regulation, like during the GDPR discussion.

cle 8y ago
In part, it's because things move fast in the tech industry, and regulations based on expired premises can impede one's ability to react to change. It's the cost of regulation. It seems deceptively simple and cheap at first to pass a law or engineer a mechanism to protect us from something. But that should be weighed with the long-term cost and risk of the regulation/mechanism going out of date. It's a lot harder to get rid of it than to add it.
- rchaud 8y ago
  The biggest tech companies in the world do advertising, retail, video distribution and business software services. What about any of these moved so fast that regulations would have stifled their innovation? I would argue that DoJ vs Microsoft and EU v Microsoft encouraged healthy competition, and didn't hurt innovation. It even forced Microsoft to look outside of the Windows/Office businesses to make money.
jorblumesea 8y ago
It's because they stand to make the most off deregulation. Really not hard to understand, incentives tie directly into profit. There is a trade off, but I've found many in Fintech refuse to acknowledge the huge pluses of regulation.
jumpman500 8y ago
>> All types of regulation are important and good, for the reason stated in first sentence Come on. Absolutist positions like that are just wrong and bad for level headed discussion. Some regulation is good, and some is bad. We should be critical of government policy right? Hasn't history shown us that good intentions does not always lead to good results? We need our critics, just like developers need qa.
- TAForObvReasons 8y ago
  "All types of regulation" != "All regulations". But that nuance is hard to understand or appreciate when you start from the position that no regulation that affects your industry is good regulation.
  - jumpman500 8y ago
    I'm sorry! I did misinterpret you then. My disdain for extreme political positions and my annoying desire to be a contrarian must have blinded me. I don't come from the point that all regulation is bad (I swear I'm not a crazy person). I'd rather say that regulation is complicated, hard to undo and we rarely know all the effects or costs it has. More complicated systems aren't always bad though; sometimes they're much more fair and efficient.
twblalock 8y ago
There are lot of good regulations and lots of bad regulations. If we don't fight the bad ones we'll be stuck with them forever.

cle 8y ago

In part, it's because things move fast in the tech industry, and regulations based on expired premises can impede one's ability to react to change. It's the cost of regulation. It seems deceptively simple and cheap at first to pass a law or engineer a mechanism to protect us from something. But that should be weighed with the long-term cost and risk of the regulation/mechanism going out of date. It's a lot harder to get rid of it than to add it.

rchaud 8y ago
The biggest tech companies in the world do advertising, retail, video distribution and business software services. What about any of these moved so fast that regulations would have stifled their innovation? I would argue that DoJ vs Microsoft and EU v Microsoft encouraged healthy competition, and didn't hurt innovation. It even forced Microsoft to look outside of the Windows/Office businesses to make money.

jorblumesea 8y ago

It's because they stand to make the most off deregulation. Really not hard to understand, incentives tie directly into profit. There is a trade off, but I've found many in Fintech refuse to acknowledge the huge pluses of regulation.

jumpman500 8y ago

>> All types of regulation are important and good, for the reason stated in first sentence Come on. Absolutist positions like that are just wrong and bad for level headed discussion. Some regulation is good, and some is bad. We should be critical of government policy right? Hasn't history shown us that good intentions does not always lead to good results? We need our critics, just like developers need qa.

TAForObvReasons 8y ago
"All types of regulation" != "All regulations". But that nuance is hard to understand or appreciate when you start from the position that no regulation that affects your industry is good regulation.
- jumpman500 8y ago
  I'm sorry! I did misinterpret you then. My disdain for extreme political positions and my annoying desire to be a contrarian must have blinded me. I don't come from the point that all regulation is bad (I swear I'm not a crazy person). I'd rather say that regulation is complicated, hard to undo and we rarely know all the effects or costs it has. More complicated systems aren't always bad though; sometimes they're much more fair and efficient.

twblalock 8y ago

There are lot of good regulations and lots of bad regulations. If we don't fight the bad ones we'll be stuck with them forever.