What this study calls “a massive social experiment” is nothing new.

A Massive Social Experiment

The digital economy includes “those businesses that increasingly rely upon information technology, data and the internet for their business models.” The companies dominating the digital economy continue to undertake a massive social experiment where they keep the lion’s share of the benefits while shunting the risks onto society as a whole.

This could lead to a systemic digital crisis, ranging from a widespread breakdown of basic infrastructure, such as electricity or telecommunications due to a cyberattack, to an attack that modifies existing infrastructure to make it dangerous.

Keeping all the benefits while foisting all responsibility and risk on the people is how post-Westphalian enlightenment nation-states operate. It’s one of their core purposes. This is exactly how the Virginia Co. operated and how [pick a hedge fund] operates. Civilized countries that care about their citizens don’t allow this.