This has always been the critique of tech regulation, I'm not sure why this has only just become apparent.
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it was always apparent. However, not regulating them has had lots of unintended consequences too.
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Not all are so bad https://twitter.com/kevinriggle/status/1099919639780384768?s=19 …
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Poor regulation favors prescriptiveness over outcomes. CA building code is a great example. Remodel a kitchen and you have to use LED integrated light fixtures. You can’t use equally or more energy efficient tech that came after the building code, because the code is precise.
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Idea: -New governmental entity (similar to CBO, LAO) staffed with technology experts to conduct objective impact analysis of proposed new laws/regs -Funded fully by some size-proportional tax on large public tech firms -Program cost minuscule compared to compliance w/ poor laws
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Of course there would be problems. But history has shown that having an institutionalized analysis entity shifts the window of debate to a more reasonable and fact-based space.
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Yeah, it will likely be a knee jerk reaction with little foresight. That said, big tech had ample time to self correct but chose not to. Now the heavy hand of the government kicks in and will likely be driven by what will be popular for the next election cycle.
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Mostly it will make techies richer. AT&T, Standard Oil, etc became richer post v pre breakup.
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