WeChat suspends new user registration for security compliance

Re:WeChat suspends new user registration for security compli... by malwarebytess on Tuesday July 27, 2021 @12:03PM (#27974009)

I think that may be part of the point. In matters of state, in China, markets react to policy not the other way around. In the west markets direct policy through a kind of indirect or virtual parliament.

Whether China's approach is wise or not...I don't know.

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Re:WeChat suspends new user registration for security compli... by elefanten on Tuesday July 27, 2021 @12:20PM (#27974227)

What examples do you have of this "indirect parliament" effect?

Yes various interests lobby the government all the time. But what are the best/clearest examples of the market tail wagging the policy dog?.

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Re:WeChat suspends new user registration for security compli... by malfist on Tuesday July 27, 2021 @01:01PM (#27974737)

There's a whole host of examples. Pretty much anything that asks the government to accept risk or loss of a company but doesn't share profits are good examples.

Net neutrality is a great example. Paying telecoms to build infrastructure that they don't build and just pocket. The case in Ohio recently where their energy company bribed officials to give them a 1 billion dollar bail out.

Another is any regulation that's not done for the greater good. Like in my state you have to be a licensed bartender and have graduated from a bartending school. Guess who pushed for that requirement? It wasn't the public.

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Re:WeChat suspends new user registration for security compli... by curiousgal on Tuesday July 27, 2021 @02:10PM (#27975587)

Insert here any president boasting about the Dow Jones hitting a new high while they're in office

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