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?”