Facebook’s Oversight Board Is Not Enough. The Government Has to Regulate Big Tech

Mr. Zuckerberg and his so-called Oversight Board are running around the rim of a donut chasing each other’s tails, looking for solutions, when the solution space is in the hole. And the problem is that surveillance capitalism, companies like Facebook that depend upon the secret extraction of behavioral data, which gets turned into targeting and targeted ads, you know, this is a very pernicious, extractive, dangerous, anti-democratic economics that has taken hold in the last 20 years, the last two decades.

And it’s done so because democracy has failed to act. And it’s not only true in America, but the liberal democracies around the world have failed to develop a distinct vision of how do you design and deploy and apply the digital world, digital technology, in a way that advances democracy and allows democracy to flourish. So, we’re not China, but instead we’ve allowed these private companies to create a different kind of surveillance state in our surveillance society in America and in the West that operates under private capital.

So, we are long overdue for the same kind of period of tremendous creativity and invention that we saw in the 20th century. You know, the first part of the 20th century, the employers, the owners of the great industrial enterprises, they had all the power. They had all the decision rights. Everything that happened, happened based on their private property rights. That’s the same situation we’re in today. And in the 20th century, you know, we created these huge behemoths, the monopolies, the cartels, the trusts, and it looked like ordinary citizens, and even democracy itself, had no chance. And we were looking forward to a century of extreme inequality and serfdom. But, ultimately, beginning in the third and especially the fourth decades of the 20th century —

— source democracynow.org | May 06, 2021

Nullius in verba

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