Rabby
Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Not a political statement, just analysis: A politician proposing something like this doesn't have your best interests at heart.
The end result will be some outcome they or their sponsors desire (whoever is threatened by 'big tech', a political group that big tech doesn't make contributions to, or whoever benefits in terms of finance or power).
Some things to consider about "big <insert-industry-here>":
The end result will be some outcome they or their sponsors desire (whoever is threatened by 'big tech', a political group that big tech doesn't make contributions to, or whoever benefits in terms of finance or power).
Some things to consider about "big <insert-industry-here>":
- If you take the 'subsidies' companies like facebook and google receive from various levels of government, once those companies are at a certain size where they qualify for such things, you can build a staircase to the moon by stacking the $100 bills. It's billions of dollars every year.
- SEC regulations favor public funding of large companies, while locking small companies out of traditionally the largest source of capital and liquidity (also notably throwing a bone to the banking industry by shoving fundraising in their direction).
- IP laws are typically amended to favor Goliath market strategies. Look at DMCA, or copyright changes to benefit Disney, as examples.
- The legal system favors big corporate litigators on IP issues, to the point where a small operator has a Herculean trial before him/her if he is wedged between a cash-rich corporate legal department and all the laws and court rulings that already favor the big dog.
- Legislatures are just so exhausted by pressure politics, you might wonder if they have any ideas of their own. It's not Bob the Mechanic who's writing new law in most cases, and it's not Susan the Legislator. It's Frank the corporate/industry lobbyist; sorry to break the news.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.