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No. First, it's not fair to them. Second, if you create such regulations, do you really know who would benefit from them? It wouldn't be the consumers, but the
by henvic 6y ago
No. First, it's not fair to them.
Second, if you create such regulations, do you really know who would benefit from them?
It wouldn't be the consumers, but these companies. There's a thing called regulatory capture (https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture).
Try to introduce such regulation, and what would happen is that the regulations themselves would be even manipulated or even drafted by the big players in the market.
Why is that so bad? Because it means the regulations will be harsh to everyone else who tries to join that given market.
This happens all the time in other industries. We don't need this in computing, please.
- paulryanrogers 6y agoExcept we do need it. And without regulation we have network effects and bundling feeding into ever more centralization. Until these companies have resources equivalent to mid sized countries. Regulations can also have thresholds so they don't crush small upstarts, yet do provide necessary controls for larger companies.
- hilios 6y agoRegulatory capture can happen, but it is by no means so inevitable or incorrigible that regulation should not be attempted.