Discover more from regs to riches
💸 legislation as venture capital
🤔 regulation can subsidize success
👋 Welcome, new readers!
This week I am exploring legislation as subsidization in the Financial Post. I had been thinking about some of the behaviours that our banks demonstrate and what that means for the viability of fintechs.
🏃♀️ I have also been in a little vortex of Rogers-outage-related musing. You may have caught me muddling through on CBC’s The National, Cross Country Checkup, or Metro Morning (ya, I’m sick of me, too - and I was misgendered on BNN but it happens).
I also had the opportunity to contribute an opinion piece in the Globe & Mail, chat with the Big Story podcast about it, AND co-host Canadaland with Jesse Brown to talk about competition in Canada. Pasting all of that below in case it is of interest.
💡 As a friend pointed out, it seems like the “nerdier” aspects of the Rogers outage/Red Friday didn’t come forward (think: that removing your SIM would have let you connect to 911 or just learning about BGP). Does the outage reinforce the need for oligopoly? If we had more companies, then errors like this could happen more often. What these systems need is external accountability and oversight. We just had a major infrastructure failure. And not enough of the discourse is talking about governance.
🌞 PS. I’m heading to Halifax with my husband for ten days of family time. I *probably* won’t be typing too much (?) as it might make me a “punk rock loser” (I can’t stop listening to the Viagra Boys).