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Opinion from a Libertarian ViewPoint

3 Reasons Why Facebook’s Zuckerberg Wants More Government Regulation | Mises Wire

Posted by M. C. on April 2, 2019

Car companies love regulation.

In NYC the law says you must buy a several hundred thousand dollar medallion to run a taxi service.

It keeps competition under control.

https://mises.org/wire/3-reasons-why-facebooks-zuckerberg-wants-more-government-regulation

Facebook CEO Mark Zuckerberg wants more government regulation of social media. In a March 30 op-ed for the Washington Post, Zuckerberg trots out the innocent-sounding pablum we’ve come to expect from him:

I believe we need a more active role for governments and regulators. By updating the rules for the Internet, we can preserve what’s best about it — the freedom for people to express themselves and for entrepreneurs to build new things — while also protecting society from broader harms.

But what sort of regulation will this be? Specifically, Zuckerberg concludes “we need new regulation in four areas: harmful content, election integrity, privacy and data portability.”

He wants more countries to adopt versions of the European Union’s General Data Protection Regulation.

Needless to say, anyone hearing such words from Zuckerberg should immediately assume this newfound support for regulation is calculated to help Facebook financially…

One: Regulations Will Give Facebook More Monopoly Power

Many Facebook critics like to claim that Facebook is a natural monopoly. That is, they think Facebook is so dominant in the marketplace, that it can use its supposed market power to keep out competitors. We’re told that Facebook has so many users, no serious competition will ever be possible.

But remember MySpace? People used to say exactly the same thing that that social media platform. A recently as 2007, The Guardian was asking “Will Myspace ever lose its monopoly?” Xerox corporation was once a tech powerhouse, as well. It has now all but disappeared.

Obviously, the answer to the Guardian’s question is “yes.”…

Part of the reason Zuckerberg has made peace with the idea of government regulation is the knowledge that Facebook will be one of the most powerful groups at the negotiating table when it comes to write the new regulations. In other words, Facebook will be in a position to make sure the new rules favor Facebook over its competitors…

Three: It Will Limit Facebook’s Legal Exposure

Another big benefit of regulation for Facebook will be the potential for using government regulation to limit Facebook’s legal liability when things go wrong. Bell continues:

By offloading decisions about harmful content, privacy rules, and elections onto third-parties, Facebook may not have to take as much of the heat when mistakes are made.

Put another way, Facebook canb protect itself form both the legal and public-relations repercussions to itself when it uses its platform to delete the posts and visibility of users with whom Facebook employees disagree…

Be seeing you

mark of the beast

The Mark of the Beast

 

 

 

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