I love how few actual proposal there are out there as to what the government should actually do. That is - not just "regulate" or "break them up". I'm talking specifics. Once you start making concrete proposals it becomes increasingly obvious just how hard it is to come up with something that won't make everything worse.
The case for why Google should be regulated as a public utility
101–110 of 399 posts
Re: The case for why Google should be regulated as a public utility
#102Earlier quoted context omitted.
There is 100% nothing stopping the Federal government from offering a full-faith-and-credit-backed "America electronic transaction system" for electronic transactions, with those fees handled by taxes. But much as there's nothing stopping the Federal government from greatly simplifying the burden and toil of tax season by issuing 90% of Americans a pre-filled-out "This is what you owe; sign this and return it or disp…
Right, the same government that couldn't get a healthcare website going is supposed to also power every single transaction from internal infrastructure. There are hidden costs that are much higher than 3% to giving the government full control over every transaction in society. It's a single point of failure with no redundancy or decentralization, a large attack vector, and a human rights nightmare. As a general rule,…
Re: The case for why Google should be regulated as a public utility
#103Earlier quoted context omitted.
Or all the impacts down the line. If they decided to basically seize Google, they would be telling investors that long term investment doesn’t work as the government will come along and ruin it. Watch as companies like Google rapidly stop any innovation spending and become high dividend stocks built only to pump out cash.
Hasn't this already happened with Bell and Bell Labs? Why didn't the breakup of Bell stop Google from investing in innovation?
Re: The case for why Google should be regulated as a public utility
#104Earlier quoted context omitted.
It's a digital protection racket.
Is this any different from putting up a billboard next to a restaurant for a competing restaurant?
So in principle, you're right, but in my opinion, it's a lot more powerful than a billboard (clear ad) next to a real storefront.
Re: The case for why Google should be regulated as a public utility
#105Earlier quoted context omitted.
Or all the impacts down the line. If they decided to basically seize Google, they would be telling investors that long term investment doesn’t work as the government will come along and ruin it. Watch as companies like Google rapidly stop any innovation spending and become high dividend stocks built only to pump out cash.
Hasn't this already happened with Bell and Bell Labs? Why didn't the breakup of Bell stop Google from investing in innovation?
Re: The case for why Google should be regulated as a public utility
#106Earlier quoted context omitted.
There is 100% nothing stopping the Federal government from offering a full-faith-and-credit-backed "America electronic transaction system" for electronic transactions, with those fees handled by taxes. But much as there's nothing stopping the Federal government from greatly simplifying the burden and toil of tax season by issuing 90% of Americans a pre-filled-out "This is what you owe; sign this and return it or disp…
Right, the same government that couldn't get a healthcare website going is supposed to also power every single transaction from internal infrastructure. There are hidden costs that are much higher than 3% to giving the government full control over every transaction in society. It's a single point of failure with no redundancy or decentralization, a large attack vector, and a human rights nightmare. As a general rule,…
I do think ideally this could be done by NY or CA first. We should test out ideas in the states, where possible.
Re: The case for why Google should be regulated as a public utility
#107Both conservatives and liberals are convinced that Google is rigged against them. I don’t trust American lawmakers not to shove their ideologies into a search engine.
If anything, perhaps agreement from these two segments of government indicates that Google is serving public interest as a viable counterweight to the force of government itself?
Re: The case for why Google should be regulated as a public utility
#108I would argue Visa and Mastercard and payment processing at large as the top priority by far. It's crazy that we've given up control as a society of the only mechanisms for electronic payments in an increasingly cashless world to unregulated private entities who continue to jack up fees as often as they can get away with. Makes everything 3-5% more expensive. Ridiculous.
Re: The case for why Google should be regulated as a public utility
#109Earlier quoted context omitted.
Hasn't this already happened with Bell and Bell Labs? Why didn't the breakup of Bell stop Google from investing in innovation?
Bell was a real monopoly - as in, it was literally illegal to start a competing phone company. This is much different from "monopoly" with quotes, as in "gee whiz they seem so big and popular it must be a monopoly ".