in the room where it happens Archive

Shadow Regulation: the secret laws that giant corporations cook up in back rooms

The winner-take-all economy has turned virtually every industry into a cartel (four record labels, two cable companies, two phone operating systems, etc) who operate without fear of competition regulation, allowing representatives of a few companies to gather in closed-door meetings to cook up operating agreements that end up having the force of law. For example, the major US ISPs and the major US …