The debate about how to regulate the sector is eerily reminiscent of the debate over financial regulation in the early 2000s. Proponents of a light regulatory touch argued that finance was too complicated for regulators to keep up with innovation and that derivatives trading allows banks to make wholesale changes to their risk profile in the blink of an eye.
There will be similar problems staffing tech regulatory offices and antitrust legal divisions if the push for tighter regulation gains traction. To succeed, political leaders need to be focused and determined, and not easily bought. One only has to recall the 2008 financial crisis and its painful aftermath to comprehend what can happen when a sector becomes too politically influential.
Another parallel with the financial sector is the outsize role of US regulators. As with US foreign policy, when they sneeze, the entire world can catch a cold. The 2008 financial crisis was sparked by vulnerabilities in the US and the United Kingdom, but quickly went global. A US-based cyber crisis could easily do the same.
It is a problem that cannot be overcome without addressing fundamental questions about the role of the state, privacy, and how US firms can compete globally against China, where the government is using domestic tech companies to collect data on its citizens at an exponential pace. And yet many would prefer to avoid them.against Warren for daring to suggest that even if many services seem to be provided free, there might still be something wrong.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Business Maverick Analysis: Why poor housing prices are a blessing in disguiseIt’s a terrible irony. South African house prices, adjusted for inflation, are as flat as an ironing board and have been for around a decade. And that just may save us all the heartache at least some of the developed world faces as their residential markets come under pressure.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
BUSINESS MAVERICK ANALYSIS: The four Brexit scenarios for South African exportsMany South Africans consider Brexit to be exclusively a European issue. In fact, the consequences for SA, and other large trading partners of the UK, could be huge. Nice
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
BUSINESS MAVERICK ANALYSIS: Born free, taxed to deathTax rates have become a hot topic recently because of scandals surrounding former Head of South African Revenue Services Tom Moyane and suggestions of an imminent tax revolt by Western Cape premier Helen Zille. International comparisons show South Africa is highly taxed compared to other countries in the world – but how bad is it?
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
BUSINESS MAVERICK: The curious duality of SA’s first business quarterThe Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA’s investors. It’s been a rising quarter, but also, weirdly, a bit of a calamity. Welcome to the strange world of the JSE, circa 2019.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: MMG Joins Glencore, ERG Reviewing Congo Plans After Tax HikeYet another foreign miner in the Democratic Republic of Congo is reviewing its future production plans after the government increased taxes and removed investor safeguards despite industry protests.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: Friday, April 4: Five Things You Need to Know to Start Your DayThe U.K. Parliament blocks a no-deal Brexit, while Chinese and American trade negotiators meet in Washington. Here are some of the things people in markets are talking about Friday? Thursday April 4th 😮
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: Stocks Post Longest Rally of Year; Dollar Gains: Markets WrapU.S. stocks rose for a sixth consecutive day and the dollar strengthened as investors remained bullish about U.S.-China trade negotiations and key jobs data tomorrow in Washington. info well noted daily maverick
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: Rico: Cartoon Friday
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: Friday, April 5: Five Things You Need to Know to Start Your DayTrade deal gets closer, some small progress on Brexit, and more bad news for German manufacturing. Here are some of the things people in markets are talking about today.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »