The role of government in data regulation is debated from "summary" of Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger,Thomas Ramge
The ongoing discussion surrounding government involvement in regulating data is a point of contention among various stakeholders. On one side of the argument, some believe that governments should take a hands-off approach and allow the market to self-regulate. This perspective argues that excessive government intervention could stifle innovation and economic growth in the data-driven economy. Proponents of this viewpoint often advocate for a light-touch regulatory framework that prioritizes industry self-regulation and voluntary compliance. Conversely, others argue that government intervention is necessary to address the potential negative externalities associated with data use. This camp believes that without clear rules and oversight, companies may engage in unethical or harmful practices that c...
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