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The same can be said about oil companies profiting from climate change. Or any other industry practice that harms consumers/society while raking in profits. An
by gberger 8y ago
The same can be said about oil companies profiting from climate change. Or any other industry practice that harms consumers/society while raking in profits.
And this is exactly why it needs regulation.
- thetruthseeker1 8y agoMay be. However lawmakers don’t roast oil execs. It seems to me like there is a lot of kabuki theater here and if law makers want to do something to improve social media, there are better ways to get Zuckerberg to co-operate than this method
- black_puppydog 8y agoIMHO the situation where a whole country, let alone the rest of the world, even needs Mr Zuckerberg's cooperation to keep functioning in a democratic way, is in itself the problem. I want him and his company in a position where his cooperation/non-cooperation are a nuisance at most, irrelevant at best.
- rusk 8y ago> there are better ways to get Zuckerberg to co-operate I think you misspelled "compell". Regulatory compliance is not a matter of cooperation.
- thetruthseeker1 8y agoI don’t think the requirement that the CEO appear in a public deposition is part regulatory compliance( usually good faith). If Facebook is not in regulatory compliance, I am sure they will be fined millions.
- xianb 8y agoprobably need to be fined billions to get them to take it seriously
- Rooster61 8y ago> And this is exactly why it needs regulation. Regulation is a farce. It requires a body from which the regulations are spawned/enforced, and no such body is incorruptible. History shows us this time and again. Hell, look at the example that you gave. Oil monopolies were come down upon hard in the early 20th century, and to what end? It's still a firebreathing monster of a corrupt economics.
- asimovfan 8y agoWhy is this downvoted? Is this not true? Or what is the mainstream argument against this?
- Fnoord 8y agoBecause "regulation" (legislation, rather) is the only way to keep a company from gaining too much power. Without legislation we live in an anarchy with no rules or laws. We might as well go back to the time before homo sapiens got into its dominating existence.