The success of FAANG in America is, in large part, due to a lack of regulation of the software industry.
For example, I don't need a license to write software, or sell it. I don't need any signoff from regulators. Nor is there a cottage industry of suing software developers. There are no laws specifying how the software is written.
For example, I don't need a license to write software, or sell it. I don't need any signoff from regulators. Nor is there a cottage industry of suing software developers. There are no laws specifying how the software is written.