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this post was submitted on 22 Jul 2023
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Technology
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Realistically, the industry here would be Google, Microsoft and Facebook. All of whom I'd definitely trust with this
The legislators themselves should be getting educated instead so they can actually make good decisions.
But that's not what happens.
Greatest recent example is Elizabeth Warren. She supposedly wasn't going to bow down to the big banks and wrote legislation to "help" the consumer. All she did was end up writing legislation that the big banks highly approved of, killed off many of the smaller banks and made banking way less competitive so that the consumers are suffering.
But if you get a coalition (example ICANN) to regulate stuff, you'll get a better mix of both small and large companies.