Adam Thierer on nationalizing Facebook

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September 4, 2012 · 1 comment

Adam Thierer, senior research fellow at the Mercatus Center at George Mason University, discuses recent calls for nationalizing Facebook or at least regulating it as a public utility. Thierer argues that Facebook is not a public good in any formal economic sense, and nationalizing the social network would be a big step in the wrong direction. He argues that nationalizing the network is neither the only nor the most effective means of solving privacy concerns that surround Facebook and other social networks. Nor is Facebook is a monopoly, he says, arguing that customers have many other choices. Thierer also points out that regulation is not without its problems including the potential that a regulator will be captured by the regulated network thus making monopoly a self-fulfilling prophecy.

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  • http://profile.yahoo.com/WSUKKZI26XASGI2A7PFNPB5R5Q DannyE

    As Thierer argues there are a whole host of problems with nationalizing facebook.  If facebook needs nationalization, the NYTimes and other such papers should be taken over likewise.  If we are going for socialization, why not do it whole hog?