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You'd be amazed at how a little regulation right-sizes things in corporations. I work in banking -- there's no grumbling about our regulatory landscape. We just
by browningstreet 5y ago
You'd be amazed at how a little regulation right-sizes things in corporations. I work in banking -- there's no grumbling about our regulatory landscape. We just have teams of people who make sure we're compliant, and we get through our audits. So, to answer your question: yes.
- yunohn 5y agoWhy are you comparing banking regulations to tech support? The former is crucial to trust in money, governance, and societal functioning. Tech support is easily overrun and exploited by bad actors, and the upside for the company is very minimal.
- freedomben 5y agoThe upside of good support for the company wouldn't be minimal anymore if giant and/or frequent mistakes could get them kicked out of the market, either temporarily or permanently. What I worry about most is that human support requirements will apply to smaller companies and essentially guarantee supremacy of big tech since no startup would ever be able to disrupt them.
- Aeolun 5y agoSmaller companies could be exempted under the rules. Start it from 20 employees or so.
- browningstreet 5y agoThe regulation would induce upside for customers.