Well informed observers of the tech industry have
cautioned against two things: economic downturn and government
regulation. Each had a palpable sense of the inevitable – not a matter of
if, but when. As we enter 2020, the conditions for both are present, if
not altogether ripe.
Dire predictions of a global recession have been hovering over the economy for
several quarters. But low interest
rates, strong consumer spending, and investor confidence have kept the economy
buoyant. The new China trade deal and record-high NASDAQ belie economic
woes.
If this election year turns out like others, the economy will hum along through the first two quarters, then decelerate as we head into November. If an economic slowdown were to occur, it would owe as much to politics as to recessionary pressure. And even that might recede if the president gets re-elected.
Continue reading “Can Big Tech Be Reined In by Rules It Consistently Breaks?”