The collapse of journalism and democracy….

Facebook and Twitter Cross a Line Far More Dangerous Than What They Censor

Quote:State censorship is not the only kind of censorship. Private-sector repression of speech and thought, particularly in the internet era, can be as dangerous and consequential. Imagine, for instance, if these two Silicon Valley giants united with Google to declare: henceforth we will ban all content that is critical of President Trump and/or the Republican Party, but will actively promote criticisms of Joe Biden and the Democrats.

Would anyone encounter difficultly understanding why such a decree would constitute dangerous corporate censorship? Would Democrats respond to such a policy by simply shrugging it off on the radical libertarian ground that private corporations have the right to do whatever they want? To ask that question is to answer it.

To begin with, Twitter and particularly Facebook are no ordinary companies. Facebook, as the owner not just of its massive social media platform but also other key communication services it has gobbled up such as Instagram and WhatsApp, is one of the most powerful companies ever to exist, if not the most powerful. In June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law launched an investigation into the consolidated power of Facebook and three other companies — Google, Amazon and Apple — and just last week issued a sweeping report which, as Ars Technica explained, found:

Quote:Facebook outright “has monopoly power in the market for social networking,” and that power is “firmly entrenched and unlikely to be eroded by competitive pressure” from anyone at all due to “high entry barriers—including strong network effects, high switching costs, and Facebook’s significant data advantage—that discourage direct competition by other firms to offer new products and services.”

In his New York Times op-ed last October, the left-wing expert on monopoly power Matt Stoller described Facebook and Google as “global monopolies sitting astride public discourse,” and recounted how bipartisan policy and legal changes designed to whittle away antitrust protections have bestowed the two tech giants with “a radical centralization of power over the flow of information.” And he warns that this unprecedented consolidation of control over our discourse is close to triggering “the collapse of journalism and democracy.”

I don’t think this is an exaggeration at all. And shame on anyone who turns a blind eye to this creeping existenntial threat to democracy and journalism for partisan reasons.

READ  Daniel Lacalle: DOLLAR COLLAPSE? Careful With The Carry Trade
READ  Daniel Lacalle: DOLLAR COLLAPSE? Careful With The Carry Trade

 

AC