Markets are a value-agnostic resource allocation & exploitation system. If society prefers not to treat humans as resources to be allocated & exploited, then it needs to impose constraints on how markets work. That's regulations. Value alignment, if you will. Happy GDPR day.
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For years, many companies have treated your personal data as a resource to be opportunistically exploited -- often with dire side effects (Equifax?). Having regulations that assert some well-scoped rights of individuals over the use of their data is an unmitigated good thing.
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Hopefully GDPR will become a global norm in the future.
1:32 PM - 25 May 2018
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