Public policy is starting to catch up with the digital world.
According to Bloomberg, under new EU copyright rules, “online platforms will be required to compensate publishers and creators for the content that appears on their websites”.
These online platforms include Facebook and Google. I’m assuming this will also include their related platforms like Instagram and Google News.
More and more these days, I’m beginning to see more digital ecosystem-related regulations popping up and I wonder if that’s a sign that the Wild West era of the Internet is really coming to an end.
I’m curious to see how this will play out.
I’ve been fascinated by public policy lately and am coming across a lot of references about how regulations can affect whole industries. It doesn’t just affect the economy, it affects you and me.
In the world of drinks, the popularity of certain spirits rise and fall because of regulations. Even certain ingredients used in food can be altered because of regulations and restrictions.
Policies made at a high level of government affects the everyday life of the common man. This is why we should care. And if we live in a democracy, this is why we should say something.