In our rapidly changing world of technology, defined by big, powerful corporations and the constant disempowerment of consumers, regulation is seemingly becoming the only tool available to bring about the necessary balance. However, these regulations must be even-handed so they do not just balance power but also ensure continued investment in the industry —and indeed not just reduce the power of big business, but also increase the participation of smaller and new entrants.

Speaking to this dynamic, a June 2018 research article by Deloitte under the title “The future of regulation: principles for regulating emerging technologies” argued that “regulatory leaders are faced with a key challenge: how to best protect citizens, ensure fair markets and enforce regulations, while allowing these new technologies and business to flourish”...

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