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"What we don’t need is to legitimize social media monopolies with a separate agency that will be easily captured by the industry it regulates."

The Facebook Whistleblower Is Heroic... And Terribly Wrong
mattstoller.substack.com/p/the

@njoseph I am reminded of a fund manager friend of mine who loves investing in tobacco because the users are addicted and the market is incredibly regulated that it prevents new competitors. It's true in a terrible way.

@njoseph Another reminder is how in Switzerland the agencies for the oversight of the nuclear power industry or the banking sector are basically a revolving door operation: you work for the government for a bit, and then perhaps you go back to your old buddies. You definitely don't want to piss them off while working for the government, though.

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