Benedict Evans discusses how society struggles to regulate emerging technology before ultimately turning it into routine, specific legal frameworks.
0:00 / 0:35exact quote · 35.7s
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“There's this enormous impulse on the one hand to come up with a sort of a TED talk or a book title that gives you know, the new capitalism, the new industrial revolution, the new market, you know, this, you know, the data is a new oil phrase, and on the other, there's this tremendous urge to try and pin it down to the mundane and the prosaic that it's a digital service, and we're going to pass this law that covers this function, and then we're going to define that as a two-sided market, and we're going to pass a law around that, and you're going to kind of Pin it down and fence it down in laws. And in the end, of course, that's what it will be, because that's what electricity is now.”
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