I know plenty of founders who would be happy with lower constant profits, less employees, in order to have a company which doesn't actively psychologically harm its users, a less stressful working environment.
Gumroad is the perfect example of this.
The problems come from VC money, which force a company to chase 500x returns or die trying. More in general, whenever there is centralisation of resources, problems ensue at some point later on.
Regulations are not the answer - established companies find a way to arginate them (look at Google playing with cookies), smaller companies trying to go live and compete have a slower time to market and die, benefiting the established companies.
On top of this regulations introduce a different set of problems. What if I'm okay being on a website which doesn't respect my privacy? What if I care more about reading a news article and never visit that website again more than I care about them respecting some rules regarding what kind of tracking they do?
Instead of assuming we, the lawmakers, are omniscient and perfect, I think we should just get out of the way of the market and limit governmental influence to reduce the number of monopolies and corruption that gets into the real world - and then bubbles up in various ways, chasing infinte growth being one of them.
To 100 more Gumroads.
Isn’t this ironic? The government is people. I guess this just moves the onus of people doing the right thing, up to government. If you’re right, that destabilizes government. Which I guess is what happens when it stops corps; corps then need to take it over.
Relying on people doing the right thing is an unstable equilibrium. IMO the only way to really ensure this is with regulations and compliance controls. Laws like GDPR and CCPA have to be followed by the business.