Sep 17, 201912:13 PMInside Wisconsin
with Tom Still
More regulation of tech industry isn’t long-term answer
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It can be scary. That’s why some members of Congress and policymakers elsewhere have looked to rein in tech, sometimes without fully considering the implications. For example, efforts are underway in Congress to bring back Obama-era “net neutrality” rules, even if the rollback has not created the predatory disaster predicted by supporters. Companies are competing to increase data speeds, not to reduce them.
Some states have pushed ahead with privacy legislation, not realizing they could create islands that discourage interstate commerce. A reasoned federal approach is the better answer.
Regulation has its place. It must be carefully implemented, however, as to not kill America’s digital golden goose.
Technology itself is becoming part of the answer, as decentralized technologies have the potential to weaken the grip of Big Tech while enhancing cybersecurity.
An expert on the rise of decentralized technologies will visit Madison in early November for the Wisconsin Early Stage Symposium. Investor and tech veteran Jeff Schumacher, who has long been a part of the World Economic Forum in Davos, Switzerland, will speak Nov. 7 on the coming wave of innovation.
We can urge government to “unfriend” Big Tech or we can recognize that reactive regulation isn’t the answer to problems linked, at least in part, to our own behavior.
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