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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 co
by 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 But that should be weighed with the long-term cost and risk of the regulation/mechanism going out of date.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 agoThe 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.