Apple CEO Tim Cook on privacy: the free market is not working
- In an interview with , Tim Cook said that regulation was "inevitable."
- On the issue of user privacy, Cook said, "we have to admit when the free market is not working. And it hasn't worked here."
- Previously, Cook urged other tech companies to self-regulate, saying Facebook had failed in that regard.
Apple CEO Tim Cook says regulation is coming but plans to roll with the punches.
In an interview with Axios, previewed on their site early Sunday, Cook told Mike Allen that despite his general dislike of government regulation on business, "we have to admit when the free market is not working." In regards to user privacy, Cook said, "it hasn't worked here."
Cook was blunt in warning "I think the Congress and the administration at some point will pass something."
Previously, Cook has advocated for self-regulation, particularly around privacy issues. In the wake of the Cambridge Analytica scandal, Cook told Recode, "I think the best regulation is no regulation, is self-regulation, however, I think we're beyond that here."
Read more:A former Facebook executive called out Apple CEO Tim Cook's hypocrisy over privacy
Recently, however, Cook has begun to discuss government regulation as an important aspect of the recent cultural discussion happening around user privacy.
Video: Apple CEO Tim Cook: 'Privacy Is 'A Human Right' | MSNBC
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