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Today, thanks to political gridlock in the U.S., lawmakers respond to innovations with all the speed of continental drift. As government gets slower, tech is going the opposite way. New technologies spread instantly by cloud-based apps and social networks, and take hold with almost no legal oversight. Then, by the time government can act, it's usually too late to wind things back to the way they were.
And this, as it turns out, is terrific for tech startups, especially those aimed at demolishing creaky old norms—like taxis, or flight paths over crowded airspace, or money. Lately, the law vs. tech gap is making headlines as it upends the rules around sports gambling. The daily fantasy sports sites FanDuel and DraftKings are showing how fast technology can exploit the gap and put government on its heels.
This problem is as old as law itself. From thrown rocks to spears, bow and arrow to guns, agricultural to industrial economies, government has always had this problem.
(Score: 0) by Anonymous Coward on Tuesday November 03 2015, @06:53PM
That's why we need to continue on the great, divine quest to deregulate everything and get Big Government out of everyone's lives, especially the noble Job Creators'. Poors aren't supposed to have good lives or be treated well or any of that socialist nonsense, they're supposed to be happy little slaves for their masters. Thank Capitalism that poors aren't able to attain any wealth, else they might start getting inflated egos and think they could ever be equals to the nobility.