This is a pretty interesting interview with Eric Schmidt of Google. I am running out the door and don't have time to excerpt it, but in short, Schmidt is quite critical of the ability of government to intelligently regulate technology.
His solution is telling. There is nothing here about reducing the power and scope of government, despite his clear and concise description of its consistent structural failures. His solution: more power for my guys. That way, when Washington plays its game of sacrificing the less connected in favor of the well connected, we will do OK.
I am working on this concept for my next Forbes column vis a vis the Occupy Wall Street movement. The OWS folks seem incoherent to us, because, in short, they complain about people having unfair power over them and then their solution is ... to give other people more power. I have reconciled this in my mind with a cold war analogy. Everyone accepts the arms race as a fact, and so the only way to survive is to have more nukes than the other guy. The only way to deal with power, is to get more power for my side.
Frankly, its time for disarmament. As a retailer, I get irritated with credit card processors, but I understood when Congress was considering regulation of interchange fees that giving the Feds the power to set credit card terms, rather than the banks, was not going to make things any easier, just shift the costs from more to less favored constituencies (and consumers are always the least favored constituency).
More later as I sort this out in my head.