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Hidden Forces
Social Media Purge: The Urgent Need to Regulate Big Tech | Matt Stoller
Jan 13, 2021
53:22
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Matt Stoller, Director of Research at the American Economic Liberties Project, discusses the power of Big Tech, Section 230, social media's role in radicalization, and the need for regulation. They reflect on the Capitol riot and the importance of economic equality for democracy.
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Quick takeaways
- The concentration of power in technology companies like Google and Facebook has resulted in the destruction of local journalism and the polarization of society, highlighting the need for stricter regulation and enforcement of public utility rules.
- The social media business model, driven by targeted advertising and addictive user interfaces, contributes to radicalization, the spread of false information, and the erosion of trust in institutions, necessitating the creation of a more responsible and ethical digital environment.
Deep dives
The dangers of the concentration of power in technology companies
The podcast discusses the concentration of power in technology companies such as Google and Facebook, and the implications it has for democracy and economic equality. The lack of regulation and oversight has allowed these companies to control the flow of information and manipulate user behavior through targeted advertising. This has resulted in the destruction of local journalism, the spread of conspiracy theories, and the polarization of society. The need for stricter regulation, including the repeal of Section 230 and the enforcement of public utility rules, is crucial to address these issues and restore a more equitable and democratic digital landscape.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode