It's a massive innovation killer downside. How about we restrict this to "all internet companies selling security software to governments", at the very widest?
Construction companies seem to do fine even though building codes exist.
It's not uncommon for a mature industry to face a reckoning around damaging practices that were common when they were nascent industries.
Would you like to live below a dam that was built under a loose and permissive regulatory regime? How about storing sensitive personal data in a datacenter whose owner specifically disclaims liability for it's exposure?
>Construction companies seem to do fine even though building codes exist.
They're not the one's paying for it. The people wanting the building built are. And there's a lot of corruption in that. On top of that, there's a pretty clear housing crisis in big cities.
It's not uncommon for a mature industry to face a reckoning around damaging practices that were common when they were nascent industries.
Would you like to live below a dam that was built under a loose and permissive regulatory regime? How about storing sensitive personal data in a datacenter whose owner specifically disclaims liability for it's exposure?