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"Things can get better if we want them to — through regulatory oversight and political pressure" aka Regulatory capture. Raise the bar high so no other social
by matchagaucho 8y ago
"Things can get better if we want them to — through regulatory oversight and political pressure"
aka Regulatory capture. Raise the bar high so no other social network startup can succeed.
- exergy 8y agoI've always taken exception to this way of thinking. Assuming for a second that the regulations are _good_, for instance that companies must DELETE (really delete) all data after 90 days, why should I care if a Johnny-come-lately can't compete? The regulation is good for the consumer right? You may then say that the assumption is big, and the regulations will be of a different (worse) nature. Well, then it's the regulation that is the problem, not the fact that only moneyed entities can afford to implement them.
- rectang 8y agoWhat I find aggravating about debates over regulatory capture is that there's no space for saying that both government and private industry are bad, because concentration of power is always bad no matter where it occurs. Regulatory overreach is real, market failure is real, and regulatory capture represents a failure of all parties.
- 908087 8y agoIf the regulation prevents a new startup from trying to emulate Facebook's damaging business model, that's a good thing. We don't need any more surveillance/manipulation corporations, the market is already thoroughly saturated.
- rapind 8y agoThis would be perfect. Prevent this horrible business model completely.