New Bloomberg View column:
Meet Facebook, Your New Financial Regulator
Supervised vs. unsupervised? Yep. Makes a difference methinks. May just be a difference in terminology and method, but the differences are pretty important. At the end of the day, humans do have to be involved. Can’t let an algorithm do everything.
[Can’t let an algorithm do everything.]
…or can you?
That is a very interesting topic and I appreciate you bringing it to light.
The concept of outsourcing regulatory power to private companies is an interesting one to consider, especially since regulatory power is essentially outsourcing law making authority to government policy specialists. Could it be relatively successful, like GAAP accounting rules, which is self-governed by the non-government FASB? Or could it become a patchwork nightmare like healthcare? Or would it be as controversial as the private prison system?
bbc remembers hans rosling
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