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The thing that strikes me about the US government at the moment, is that it's sclerotic. In some ways, decisions have been made that allows this - a hands-off r
by SilverBirch 4y ago
The thing that strikes me about the US government at the moment, is that it's sclerotic. In some ways, decisions have been made that allows this - a hands-off regulatory environment means that if nothing happens, the market runs pretty free and everyone assumes that government will happen so we more or less pretend like there are rules (with some notable, un-enforced exceptions: Uber, Facebook, Theranos etc).
But it seems beyond parody that now, in the midst of a massive crash in crypto, now we're going to start looking at energy usage? How many decades will it be before they do something, and what message are they really sending? It's like looking back at Facebook's acquisition of WhatsApp and saying "Whoops".
The problem comes with what happens next. What happens if some Billionaire decides he can just completely ignore the rules and fuck around with other companies and drive them into the ground? What happens if the next Uber doesn't feel encumbered by the same restrictions on their behavior that Uber did, and start actively blackmailing members of congress. Grey ball was cute, but how many congressmen would stand up to Uber threatening to leak their questionable trips to a certain friend?
People in Silicon Valley talk about innovation, but what if a lot of that innovation is finding ways to steal from the common good to enrich a handful of people, and what if the innovation in SV is totally lacking in Washington DC - bogged down by the cash in SV that has an interest in making sure that continues?