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this post was submitted on 20 Jul 2023
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Fair enough, good reply.
Upvoted :)
(Maybe Lemmy will bring back some good discussions in threads like these...)
I think the public gets fatigued when we hear about the profits these companies make and then we see these comparatively small fines.
If this is how we "steer the vessel of regulation" then I can accept that this is a push in a better direction.
However, I still feel that a fine in the hundreds of millions, ( not bankrupting but a "shot in the leg" versus a "slap on the wrist"), is appropriate for these very large corporations. They already weild so much political and economic power that consequences for things like this should be higher.
In other words, let's encourage them to operate responsibly in the first place.
Yeah it's definitely not satisfying, heads will never roll, but it is progress! Better than a "Woops, sorry for dumping billions of barrels of oil into the Gulf of Mexico, here's some pocket change, we'll do it again next week" at least.
Now the question is whether that progress is fast enough to keep up with a changing tech landscape, at the moment I don't think so. We're still arguing about data privacy, governments don't have the balls to even start tackling misinformation at the source, and generative AI is a whole other beast that regulators have barely started talking about.