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How does the market solve the problem that it is morally wrong (or at least dubious) to delete an iconic picture that exemplifies the cruelties of the Vietnam W
by jonathanstrange 10y ago
How does the market solve the problem that it is morally wrong (or at least dubious) to delete an iconic picture that exemplifies the cruelties of the Vietnam War?
Do you believe that billions of Facebook users will switch to another social network because they are some sort of moral saints who recognize Facebook's mistake and act accordingly? Or do you instead believe that the majority of Facebook users are that much of a moral authority that we should readily concede that Facebook is right, because almost none of their users complain?
"the market solves this" is a funny meme, but it's often plain wrong. Markets can solve certain optimization problems and find price equilibria, but they cannot somehow magically solve the vexing moral question of how much (if at all) a social media company should censor their user's content and who should control this in which way.