Thank you, Mr. Chair.
Thank you for being here, Mr. Glick.
Whenever I hear financial types, people in e-commerce or others tell us that we should not regulate, my first instinct is always to think about Adam Smith. I can hear Adam Smith telling us to let the invisible hand of the market settle supply and demand and that everything will be fine. Adam Smith is a wonderful thinker, but things do not quite work that way in reality, at least not in the long term. That is why we look at things from that perspective.
Even though you start from the premise that government should not regulate or establish too many rules, you say that the government still has a role to play. You mentioned copyright, specifically. Can you elaborate a bit more on what you think the government can do?