from Hacker News

Netflix Is Categorized as “Video Tape Rental” by the SEC

by ikarandeep on 7/16/20, 10:30 PM with 1 comments

  • by maxharris on 7/16/20, 11:21 PM

    SIC is used across the government. I ran into it in my work because the USPS uses it, and I was working on software that implemented a couple of their change-of-address matching systems.

    Having said that, if you step back a take a wide view of the situation, it's obvious that the 20th-century regulatory bodies are incredibly obsolete. I argue that they always held us back, but now it's something that even a child can see.

    For example, check out Paul Romer's writings about the FDA's role in helping the Coronavirus spread: https://paulromer.net/fda_perpetual_process_machine/

    (Note that Romer is a co-recipient of the 2018 Nobel Prize in Economics, not some crank.)