Re:Zuckerberg on Cambridge Analytica situation
by JumpCrisscross on Wednesday March 21, 2018 @04:35PM
(#16642116)
> Law enforcement and courts aren't funded in a way that makes that effective
In the 1930s, the Congress realized that financial crimes were (a) prevalent, (b) serious and (c) difficult to investigate and prosecute. So it created the SEC [1]. Its specialists, with the budget, focus and mandate to pursue securities-related violations, have been effective (relative to pre-1930s finance).
Regulators make rules. They also enforce them. We have no top cop for technology. The costs of that gap are becoming apparent.
Re:Zuckerberg on Cambridge Analytica situation
by gt_ on Wednesday March 21, 2018 @04:51PM
(#16642271)
Average US citizens have no comprehension of 1930s America, FDR, etc. but the same people will instinctually glorify the 1950s as a time when traditional values led to economic prosperity.
In the 1930s, the Congress realized that financial crimes were (a) prevalent, (b) serious and (c) difficult to investigate and prosecute. So it created the SEC [1]. Its specialists, with the budget, focus and mandate to pursue securities-related violations, have been effective (relative to pre-1930s finance).
Regulators make rules. They also enforce them. We have no top cop for technology. The costs of that gap are becoming apparent.