4 ms·
How many time it has to happen until we learn it. Every time an industry is left unwatched crisis happens because there is always short term monetary gain for a
by stunt 8y ago
How many time it has to happen until we learn it. Every time an industry is left unwatched crisis happens because there is always short term monetary gain for a bunch of executives.
It was the same thing with SCC going blind about big banks before 2008. FAA - Boeing relationship is an example of SCC - BigBanks relationship before 2008.
- olliej 8y agothis is (slightly) less of a problem in other countries than the US. The real problem in the US is that after they demonstrably screw everyone else over, politicians pass many questionably effective laws - and then immediately start rolling it all back because "regulation hurts Americans". In the EU GDPR was a response to the abject failure of companies to actually self regulate - there was an actual consequence of a failure of self-regulation: the GDPR adding financial penalties for abusing consumers. If the companies had actually self regulated, and actually self-limited their collection of data, and if only they hadn't sold off everyone's data to anyone and everyone, then they wouldn't have to deal with the GDPR. So if the companies think it /is/ too aggressive, they've only got themselves to fault.