Financial Times column argues laws exist but are being ignored

In short: A Financial Times column argues that the bigger issue is not outdated laws, but people and companies ignoring the laws already on the books.

What's going on

The Financial Times points to a common complaint in politics and business, that laws have not kept up with modern life. The column pushes back on that idea. It argues the main problem is that existing laws are being flouted, meaning they are being ignored or treated as optional.

This matters in areas where technology is moving fast, including artificial intelligence. Many governments are debating new rules for AI. The column’s argument suggests a different focus, make sure current rules are followed before writing lots of new ones.

In practice, this debate often turns on a simple question. Is the rulebook missing pages, or are people breaking the rules and expecting not to get caught (like a speed limit that exists but is rarely enforced)? The column frames the situation as closer to the second problem.

What to watch

Expect more arguments over enforcement. That includes whether regulators have enough staff and powers to investigate, and whether penalties are strong enough to change behavior. The key test is whether authorities use existing laws consistently, especially as AI spreads into everyday services.

Source: Financial Times