> Things will only change when democratically elected governments across the world step in with regulation, drag Big Tech through the courts, and fine them billions of dollars.
How will that help you install Linux.
How will that help you install Linux.
If you regulate away bad practices, capital will flow elsewhere. The level of equity investment in IT (and the valuations) is largely due to bad practices; fixing that will take away the OP’s favorite toys.
Bit of an aside, but this is not true btw. Even in situations which most closely approximate what you describe, there is a positive, nonzero floor to profit taking. This is typically explained as the opportunity cost of allocating money, which is not just the known alternative investments you are giving up, but the unknown-unknown risks. Among certain schools of political economics, it is also taught that this is a built-in action bias towards holders of money. Essentially, the rich get richer (quantified).
My point on regulation shifting capital allocation away from a sector stands, regardless of detail.
I’m not criticizing democracy. It works and has good sides and downsides compared with say communism. But man does democracy like communism come with major downsides.
The question is why is democracy worshipped? Don’t worship it. It’s one side of complex 6 sided die. I was going to say one side of a coin but the situation is much more complicated than that.