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Thank you for stating these points. I believe that FB is going to be cut up due to these issues and the interplay with politics, just like Bell was. Per my vie
by Balgair 6y ago
Thank you for stating these points. I believe that FB is going to be cut up due to these issues and the interplay with politics, just like Bell was.
Per my views on the situation, Zuck is cooked. When he went before congress to testify, he was being given the classic robber-baron deal that the US has used a few times now. As an analogy to actual robber-baron, at first when the railroads were new, Congress didn't care much about them. Then when all the businesses and politicians started to use them, they started to notice that the railroads were very important. When beef suspiciously didn't get to Chicago on time, or when trains delayed representatives to important votes up in Albany, then the politicians got legislative. A similar scaling of importance has occurred with big tech.
The US then typically takes these newly vital sectors and then gives them the deal: Fix it or face jail time. Compliance means that your family for countless generations is never poor again. You go kite-surfing for the rest of your days. Congress works with you to write the laws in such a way that you get a monopoly on the sector with a nice 3% above inflation growth baked in. Congress and the US get a sector that isn't scammy and just works (albeit poorly at times). Congress gets you to testify for a few days, ensures that you have lied to congress in that time, and holds that jail time over you as leverage to comply.
Zuck was given this deal.
Per the points OP outlines, Zuck cannot follow through on his end of the bargain. He cannot get FB to work the way Congress is demanding that he do. Zuck may not be facing jail time (yet), but may when he gets in front of Congress again.
After Dec. 37th / Jan. 6th (because 2020 never ends), Congress likely sees Big Tech as a direct personal threat (not existential) and is likely to move directly against that threat with due haste.
- rossdavidh 6y agoWhile I think Mark Zuckerberg is unlikely to face jail time, there are some points to your post I agree with. Especially the analogy with railroads. The other point I would add, is that it's not just Congress. I have heard government leaders in Mexico, Poland, Hungary, and Turkey all voicing similar concerns, and in some cases actually passing legislation already. I think more will come.