"Over the years, a loud, well-funded movement has been built up trying to persuade the public that regulation is always a bad thing. A quick look at how much safer cars have become makes it clear that this is nonsense. The purpose of civilization isn't to support capitalism, the purpose of capitalism is to support civilization. And when it doesn't, it's our job to regulate it so it does."
"Most public companies are staffed with people who would actually prefer it if there were regulations, clear boundaries and built-in standards. They don't want to race to the bottom, and a clear set of rules allows them to compete without ruining our lives... How to regulate social networks? I'm not sure there's an obvious answer, but I'm sure that if we don't get started, we'll never find a good one."
A loud, well-funded movement has persuaded the public that regulation is always bad, yet safer cars show regulation can improve safety. Civilization exists separately from capitalism; capitalism must serve civilization, and regulation must correct market failures that harm civic life. Many public companies prefer clear regulations, boundaries, and standards to avoid a race to the bottom, and rules enable competition without societal damage. Social networks lack an obvious regulatory solution, but delay prevents finding a good one. Permission is the essential marketing element, granting the right to speak to willing audiences and to treasure attention and trust when notifying customers or resolving complaints.
Read at The Drum
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