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This always goes the same way. The public demands regulation on some category of corporation. Those corporations, strangely enough, agree. "Yes, regulate us, pl
by phendrenad2 3y ago
This always goes the same way. The public demands regulation on some category of corporation. Those corporations, strangely enough, agree. "Yes, regulate us, please!" The regulation passes. Hmm, the corporations are still doing what they were doing before. Seems like they were able to find a loophole successfully. Oh and what's this? The smaller competitors are unable to use the loophole effectively, and went out of business? The CEOs of the large corporations clink champagne glasses while their stock skyrockets.
- armchairhacker 3y agoI'm sure this happens but you should give some examples. Also, many of these kinds of laws have clauses which make them only apply to social media with over a certain number of users (like 1 million or 100 million). These laws create other potential issues (mainly, government being able to control the popular narrative by "regulating" the most popular social media); but niche social medias are so niche (Twitter probably has more users than every small forum combined) that almost nobody is trying to regulate them in this way.
- AnimalMuppet 3y agoWhen I was in medical instruments, the large corporation I was with was explicitly pro-regulation precisely because it made entry for others harder. Not because they thought medical instruments should be regulated for patient safety (though they should). No, as business people, they were focused on the competitive effects.