It's just another form of "socialise the costs, privatise the profits".
In any sane world we'd regulate big tech far more rigorously than we do (we'd tax them more as well but that's a separate issue).
It's just another form of "socialise the costs, privatise the profits".
In any sane world we'd regulate big tech far more rigorously than we do (we'd tax them more as well but that's a separate issue).
This is totally backwards. We "socialise" the profits and leave the risk and losses to the private sector.