Somehow, the Gaul managed to corral executives from Google and other Internet giants at a conference in France, where he delivered a stern lecture: “We won't take steps that would damage growth in your industry. But you can't escape a minimum set of rules.”
“If you want the Internet to look like the housing market,” Patrick says, citing an example of decades-long government intervention, “give government more control over the Web. There's a lesson comparing the uncontrolled and successful Internet and overcontrolled and disastrous house and mortgage industries.
“Judging from current opinion polls about government, a lot more of us commoners seem to have developed a bit of skepticism about the politician's ability to improve on markets. Nevertheless, most people continue to underestimate the rate of innovation taking place in numerous emerging technologies.”
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