Re:Why Silicon Valley can’t fix itself
by adventured on Friday May 04, 2018 @03:26AM
(#16992807)
Of course it will. It's why Walmart aggressively supports higher minimum wage laws. It's why Zuckerberg had no concerns about advocating for increased regulation, during his testimony he was overly eager to support it.
They all know they can comply and influence the rules - as they're crafted - enough to ensure they can deal with them just fine, but their smaller competitors can't or will struggle.
There is a threat worse than the power of Google or Facebook. It's the threat of the surveillance state. Just look at how China is implementing a ranking system for its citizens. Regulation that strengthens the incumbents will pave the way for it, since it will concentrate everybody's data into a few regulated data brokers.