3min chapter

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#37 – Gillian Hadfield on Regulatory Markets, Silly Rules, and why Humans Invented Law

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CHAPTER

Social Media Regulation

We have a massive default to self regulation by corporate profit making entities happening rit now. And we are not going to be successful in saying, oh, let's just pass a lot of law to correct that problem,. Let's ask the lawyers to do it for us. Just want to say it is not going to work. So all the risks you identify are absolutely real risks in the model that i'm proposing. We need lots of smart economists and pl politicians and technologists and political scientists and psychologist. But i just want to get the focus shifting because i really, really worry about the fact that we actually put private corporations in charge right now.

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