Big tech must get its house in order or risk stronger regulation | Michael Boskin

Governments had to act on Facebook, Google and Amazon – but they could stifle innovation

Two years ago, it seemed clear that a combination of factors would lead to increased calls to regulate technology companies, especially the big tech giants Amazon, Apple, Facebook and Google. When that happens, I argued at the time, regulatory policy would have to strike a sensible balance between mitigating the most harmful effects of technology and allowing tech companies to continue improving people’s lives.

Now that day has arrived and achieving such a balance will be difficult. Having benignly neglected these companies for years, democratic governments are now producing a dizzying array of policies to regulate them. The risk is that the flurry of policymaking will overcorrect and do more harm than good, not least by unintentionally stifling innovation and competition.

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from US news | The Guardian http://bit.ly/2L7oN5X