Crikey's Bernard Keane has a great take on the issue & sovereign risk[0]:<p><i>Now the government is pursuing a policy that, in its rejection of the rule of law and its arbitrary market intervention at the expense of investors and corporations, is the perfect embodiment of the idea of sovereign risk. And exactly no one is pointing it out — because Australia’s media companies are the beneficiaries of it, and the targets of it are two of the most hated companies in the world.</i><p><i>The government’s proposed News Media and Digital Platforms Mandatory Bargaining Code would be a draconian regulation to force two explicitly identified companies, Google and Facebook, to hand an unlimited amount of revenue over to Australian media companies, justified by a fiction that those companies steal news content.[...]</i><p><i>The code is justified by a News Corp lie, that Google steals news content and makes billions of dollars from it. The ACCC forensically compiled evidence that this was false. Knowing that the News Corp claim was wrong didn’t prevent Treasurer Josh Frydenberg from spreading it himself. But the only theft here is what is proposed for Google and Facebook.</i><p>Apologies to HN/YC for introducing risk by quoting from and linking to an Australian news article :)<p>[0] <a href="https://www.crikey.com.au/2020/08/28/google-facebook-accc-changes/" rel="nofollow">https://www.crikey.com.au/2020/08/28/google-facebook-accc-ch...</a>