In an op-ed for the Harvard Business Review, Harvard Kennedy School and New America Fellow Dipayan Ghosh writes about why the U.S. government needs to reel in big data firms. Ghosh says regulation and legislation for these firms is only a matter of time, citing a recent report from the British Parliament on the firms' negative effects on British citizens."It has become clear that these businesses have harmed consumers and damaged the public trust," Ghosh writes. "I believe that rather than leaving U.S. firms to endure fines from foreign enforcers, it is time for the U.S. government to come forward with its own fair and meaningful regulatory solution to these problems." Ghosh suggests the creation of a "digital social contract" to "rebalance the implicit power held by the triumvirate of the internet industry, the government, and the individual consumer." (Registration may be required to access this story.)
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