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Should The Government Regulate Facebook?

No, Facebook can regulate itself

Government oversight is needed

 Getty: Zach Gibson / Stringer

The Senate’s technological ignorance, during its hearing of Facebook CEO Mark Zuckerberg, exemplified why the government should not regulate the tech company, asserts David Harsanyi of The Federalist. Its members simply didn’t seem to understand how exactly Facebook works. Heavy-handed attempts to reign in booming industries have slowed their growth in the past. Too much of this creates monopolies at the top by stifling competition. The best solution is for Facebook to regulate itself and if it fails to do so, customers will leave it for other platforms. Harvesting data and fake news are bad but users know what they are singing up for.

Keep on reading at The Federalist

Facebook, and other companies like it, cannot be trusted to regulate themselves. The government should be in charge of this, writes Mark Sullivan of Fast Company. Mark Zuckerberg’s company has every reason to pursue its own interests first. Its history of innovation has come hand in hand with data harvesting and other techniques that ended up landing him in hot water. In short, Facebook thrives on bending the rules and finding new ways to monetize information. Even once regulated, its DNA suggests that it will take the next steps to circumvent said regulations. It would be best for all involved if the government properly reigns in Facebook.

Keep on reading at Fast Company
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