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Mistrust of Google and Facebook is a 'Contagion' That Could Spread To Every Tech Company, Says Box CEO Aaron Levie (recode.net)
Aaron Levie isn't worried about his company, Box, being regulated -- but he is worried about what happens if the government has to do something about Facebook. From a report: "It's a contagion because it's going to reduce trust in these types of platforms," Levie said on the latest episode of Recode Decode, hosted by Kara Swisher. "The worst-case scenario for us is that Silicon Valley gets so far behind on these issues that we just can't be trusted as an industry," he said. "We rely on the Fortune 500 trusting Silicon Valley's technology, to some extent, for our success. When you see that these tools can be manipulated or they're being used in more harmful ways, or regulators are stamping them down, then that impacts anybody, whether you're consumer or enterprise."
https://www.youtube.com/watch?...
Waxman: Well where do you think you made a mistake then?
Greenspan: I made a mistake in presuming that the self-interest of organizations specifically banks and others were such is that they were best capable of protecting their own shareholders.
A 21st century issue: the irony of technologies of abundance in the hands of those still thinking in terms of scarcity.