Tuesday, October 30, 2018

Regulation

Sometimes The Washington Post likes regulation (and doesn't like them being rolled back).

Other times The Washington Post doesn't like regulation (viewing it as industry protecting its interests).

Maybe it just depends on the agenda at the time or the issue.

What I found most striking about the latter is the concluding statement:
“Any new technology requires regulation and legislation.”
Really? Why is that?

Legislation is for the purpose of creating law, and laws are for the purpose of punishing evil. Does technology inherently contain or encourage evil that must be punished?

Regulation is for the purpose of transferring power from the legislative branch to the executive branch. How does technology require that? If that's because technology development moves faster than the legislative process, then this transfer of power also escalates the risk of accelerating power accumulation beyond the people's ability to control it.

Either way, I'm not seeing inherent justification for regulation or legislation just because a new technology is brought to market.

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