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I'm intrigued by the idea of "regulatory capture." I hadn't heard that term before but that economic theory is playing such a prominent role at the moment in th
by jnorthrop 14y ago
I'm intrigued by the idea of "regulatory capture." I hadn't heard that term before but that economic theory is playing such a prominent role at the moment in the growth of the market I work in, privacy (e.g. EU Data Directive, US Privacy Bill of Rights). We of course saw it clearly working in favor of IT in the US in the last decade with the advent of HIPAA, SOX and GLBA. Whole segments of the IT security business were basically born (re-born) due to this legislation.
I wish Gabriel went into more depth on this point. Specifically I wish he provided some examples. I think we would all benefit from considering what changes legislation will bring and seeing if we can't jump on the opportunities early.