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There's a bold assumption in your position that the regulators charged with wielding the power would do so with greater restraint or less paternalism than the p
by sbuttgereit 5y ago
There's a bold assumption in your position that the regulators charged with wielding the power would do so with greater restraint or less paternalism than the platforms do now themselves.
What I really would expect to result from regulating the big social media players is that you'd simply institutionalize their dominant position. Regulatory regimes tend to discourage upstarts and often do little to reign in incumbents. After 2008 when increased regulation came after those bad "too-big-to-fail" banks... did we end up with smaller, but more diverse banking institutions or even fewer bigger banks that all looked pretty much the same? I could very well be wrong, but my sense is that we didn't move solve that problem and I don't think regulated big social media would be much better than what we have today.
- josephcsible 5y agoIf the government were in charge of a social media site, the First Amendment would unquestionably apply to their moderation powers, so even though it'd probably be a mismanaged disaster in a lot of ways, it'd be way better than the status quo as far as freedom of speech and censorship goes.