Lack of regulation in tech causes real harm, like addiction, social issues and misinformation,not to mention issues with cyber bullying and suicide in teens.
Do some people make out like bandits with billions or millions of dollars, sure but I don't think that's a good barometer for progress or prosperity.
To paraphrase Doctor Who "Human progress isn't measured by industry, it's measured by the value you place on a life. An unimportant life. A life without privilege"
And by that measure we are still cavemen.
None of those had effective regulation.
Regulation against fraud does work, but the job of government is to prevent crime, enforce contracts, and stop fraud, in a free market.
> And by that measure we are still cavemen.
Government is not going to fix that.
> Do some people make out like bandits with billions or millions of dollars, sure but I don't think that's a good barometer for progress or prosperity.
In the 1800s the US lifted scores of millions of people out of poverty into the middle class.