regulatory-resistance

Chapter Four of 'Cyber War' details the persistent failure of U.S. efforts to defend against cyber attacks despite early recognition of the vulnerabilities posed by networked information systems. It traces the evolution of government awareness from the 1990s Pentagon concerns and the 1997 Marsh Commission report to the Clinton administration's attempts to coordinate critical infrastructure protection, highlighting the challenges posed by lack of regulatory authority and distrust between government and private sectors. The chapter underscores how ideological resistance to regulation and fragmented authority have hindered effective cybersecurity defense.

This chapter outlines Facebook's attempt to create Libra, a global digital currency intended to revolutionize finance and provide financial inclusion, but which was fundamentally flawed and alarmed governments worldwide. The plan was marked by vague details, regulatory concerns, and the potential to disrupt global economies, ultimately leading to its rejection by regulators and the shelving of the original Libra concept. The chapter also frames Libra as emblematic of Silicon Valley's disruptive ethos, highlighting the clash between tech ambition and governmental control.