6. @nickgrossman
regulations focus on permission
company
very little data
permission to operate loose accountability
person company person company person company
government
lots of work
7. @nickgrossman
regulations focus on accountability
user user user user user user user user user user user user
web platform
lots of data
permission to operate strict accountability
very little work
this is regulatory innovation!
8. @nickgrossman
Industrial
Revolution
The age
of Steam
the Age of
Steel, Electricity
and Heavy
Engineering
the Age of Oil,
Automobiles
and Mass
Production
the Age of
Information and
Telecommunications
1771-1829 1971-present1875-19081829-1875 1908-1971
Carlota Perez, Technological Revolutions and Financial Capital
“The new paradigm eventually becomes the
new generalized ‘common sense’, which gradually finds
itself embedded in social practice, legislation and other
components of the institutional framework…”