Can’t say I blame them.
Can’t say I blame them.
https://www.intelligence.gov.au/news/asio-annual-threat-asse...
At the time it was obvious to many astute observers what was happening but governments themselves were mesmerized and awed by Big Tech.
A 20-plus year delay in applying regulations means it'll be a long hard road to put the genie back in tbe bottle. For starters, there's too much money now tied up in these trillion-dollar companies, to disrupt their income would mean shareholders and even whole economies would be affected.
Fixing the problem will be damn hard.
(It may be the last thing that the US has the world lead on)
It's also why legislation protecting privacy and/or preventing the trade of personal information is almost impossible: the "right" people profit from it, and the industry around it has grown large enough that it would have non-trivial economic effects if it were destroyed (no matter how much it thoroughly deserves to be destroyed with fire).