Apologies for being a cheerleader for a particular podcast, but the 13 May On The Media episode has an interesting interview in the first 20 minutes.
Link: https://www.wnyc.org/radio/#/ondemand/619380
The segment deals with the news re: Facebook editorialising newsfeeds. The second interview is the most interesting and throws up a some interesting ideas, like:
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Facebook, Google and Apple control a lot of our information media as we digest it today
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The US broke up Unioil in the early 20th century on antitrust grounds ie one private company had too much power, it needed to be broken up as it had too much market power versus customers, companies and the government
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In the information age, should companies like Facebook and Google be broken up?
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Alternatively, should there be some form of nationalisation? If not wholehearted nationalisation, perhaps nationalisation of some parts? Or more regulatory intervention (which is effectively a lighter touch of nationalisation)?
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After all, we’ve largely nationalised other institutions that educate our population (eg state schools and universities, prescribed curriculum, content and testing that applies even to private sector schools
We have regulated some information providers in the past eg Australia’s media ownership restrictions, but not others (eg religious educations). As I noted above, we’ve all broken up monopolies.
So the concept of breaking up the electronic information giants would not be an entirely foreign concept.
As an aside, I note that in the case of religious educations, the lack of regulation this may be more a case of historical difference. Christian religions were effectively national institutions working with the Western governance paradigms that evolved from the time of Emperor Constantine through to around WW2. Self-regulation works for the government when the dominant religion is one of its partners in the Establishment. Even more so when the partner starts losing its market share of minds.
The discussion is an interesting convergence between private sector competition law, nationalism and media concentration controls that I came across in my law school days and work and the emerging models of electronic information.
My initial bias as a media consumer is against regulation, but that’s probably initially because I have a social leftist bent and companies like Facebook and Google have something of the same, more or less.
On the other hand, I shouldn’t support a risky institution just because the risk is currently being exploited in a way that works for the outcomes I desire. Capitalism has devoured and absorbed the internet age and that beast may evolve to something more conservative.
Also, I don’t trust Apple.
On the third hand, I don’t trust the government either. But the interviewee in the second interview does briefly raise the idea that we could have nationalisation or regulation only of certain parts. You then start looking at systems of power and leverage within the electronic media model. Would it be possible to selectively regulate the right leverage points in the network, with the result of providing room for fuller private sector and individual freedom, rather than a 1984-like information distopia?
It’s tough to call. It’s something worth debate. However, I don’t expect the debate to happen, as the current news cycle has more glittery and digestible stories that are easier to pursue, like Trump vs Hillary. Those types of stories likely trigger less unease in the information consuming public. For electronic media companies like Facebook, I suspect it’s a debate that they would prefer to keep out of people’s newsfeeds.