Comment by trimethylpurine

"Without" regulations? As early as 2006 we discovered that phone carriers were subject to regulations forcing them to install back doors for government surveillance. Many near the 2002 Olympic games had their phone calls listened to by human ears (NSA) without warrant. And that's just a random example. This has been going on much much longer.

Regulations are made or dismantled in an effort to funnel money into regulators own businesses or investments and to combat their political opponents, all under the premise that it's for the good of society. (And, in some cases it has been.)

This shouldn't be news to anyone. What's shocking is that this is still shocking to people.