> but there's way to much consumer abuse for these Internet age services.
a) Government programs are programs, written in the language English. So let's be careful what services we launch with the stroke of the Presidential pen. They could be a cure worse than the disease.
b) Whither capitalism? A remedy to consider in parallel with government regulation would be some actual competition. How do we get the functionality we want without quite so much Orwellian peril?
There are very much examples of bad regulation but there are also good regulations to. While I'm a believer in capitalism, totally unregulated capitalism results in consumer abuse and stifles innovation.
Good consumer protections can actually benefit companies and the market in ways they don't expect until it happens. The Magnuson–Moss Warranty Act is an example of what I consider good consumer protections, and benefits the market as a whole.
a) Government programs are programs, written in the language English. So let's be careful what services we launch with the stroke of the Presidential pen. They could be a cure worse than the disease.
b) Whither capitalism? A remedy to consider in parallel with government regulation would be some actual competition. How do we get the functionality we want without quite so much Orwellian peril?