By: Tim Worstall | Forbes
If you’d like an example of purblind incompetence in the making of public policy then you cannot do better than consider this little story from Spain. In an attempt to save Spanish publishers from the horrors of being sent monetizable traffic by Google GOOGL +1.41% News the authorities have managed to cause the closure of that service in that country. There is almost no one who benefits from this new law and a considerable number of people who lose out. Further, the way the law has been written means that there’s no real way out for any of the participants.
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