“You have to force a radical transformation of the business model of internet platforms,” venture capitalist Roger McNamee told the House of Commons privacy and ethics committee Tuesday morning.
“At the end of the day, though, the most effective path to reform would be to shut down the platforms at least temporarily. …. Any country can go first. The platforms have left you no choice. The time has come to call their bluff.”
“Smart people take what they can get and tell themselves they earned it. They feel entitled. Consequences are someone else’s problem.”
He added that “companies with responsible business models will emerge overnight to fill the void.”