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Thanks for these. I read the banking one, she's advocating for tougher legislation, greater separation of investment and commercial banking, etc. These are all
by oarabbus_ 7y ago
Thanks for these.
I read the banking one, she's advocating for tougher legislation, greater separation of investment and commercial banking, etc. These are all great ideas.
I don't think many reasonable people don't think Facebook, Google, Amazon etc should not be more _regulated_. Yes, let's increase data privacy laws, close tax loopholes, make sure these Tech giants are paying their fair share in taxes, etc.
I think the links prove my statement, that she's talking about regulating Banking and Pharma, but she's talking about _breaking up_ Tech giants; therein lies the problem.
- SolaceQuantum 7y agoBanking already has separations in the Volcker rule (And Dodd-Frank overall, which have been loosened under the current administration), and arguably has already been broken up along the lines Warren is proposing.
- shantly 7y agoMassive pools of data, especially about people, being all of 1) hugely valuable to AI, 2) very, very hard to bootstrap without massive amounts of money (so, a strong moat to competition), and 3) basically the Stasi on steroids but oh don't worry it's fine because it's for profit this time, is the main reason I'd like to see at least Facebook and Google take a huge hit. As in I'd like that part of their value to be regulated out of existence entirely, because I think it's awful at best and incredibly dangerous at worst.