Should Tech Companies Be More Tightly Regulated?
In the wake of recent high-tech mishaps, do we really need to establish new regulatory principles and agencies to manage emerging risks? While the European Union certainly seems to think so, following its lead could be a costly mistake.
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WASHINGTON, DC – In the wake of recent high-profile tech scares, such as a fatality involving an Uber self-driving car and Facebook’s alleged mishandling of users’ personal data, stricter regulation of the industry – along the lines of, say, the financial sector – has become the policy question du jour. Stock-market values for leading tech companies are down – or perhaps just becoming more volatile – in the light of such concerns.