What Did Congress Show Us?
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2018-04-12 11:19 by Karl Denninger
in Consumer , 151 references Ignore this thread
What Did Congress Show Us?
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It's pretty simple, really, and pretty disgusting too.

First, the Senate is by far the more-intelligent group of people.  This is simply due to what you have to accomplish, generally, to get into the Senate.  McCain is the exception (along with a few others) but most Senators are both highly intelligent and well-accomplished.  Yet they asked exactly zero questions among them related to the actual issue with Facebook and other tech companies -- the collection and mining of personal information where it is impossible for the consumer to consent.

The House had two people who went after that -- one being Rep Debbie Dingell and a second being Rep Kathy Castor.  Both Democrats, both hard-left on other issues and both dead right on where the problem is.  Ms. Castor didn't quite get to the root of it (she clearly didn't quite understand the underlying issue), but Debbie Dingell did.  Either of them could have and so could have all those who followed them taken Zuckerpig, bent him over the table and gang*****d him on national TV for what is a clear violation of everyone's expectations and forced him to admit under questioning that his public posturing about "privacy" and such is a bald lie.

So close but so far for the two of them -- and the rest lobbed softballs or even worse, accolades at Zuckerpig.

When it comes to the Senate, however, I must conclude that they intentionally refused to go after Zuckerpig and his firm's rank abuse of individual rights, with the largest issue being tracking of people not on Facebook but rather all over the Internet.

Then there was Cruz (and a handful of other Republicans) who went after Zuckerpig on the ridiculous bias displayed by Facebook (and other web properties -- Twatter anyone?) when it comes to banning or restricting some viewpoints but not others.  Zuckerpig tried to make this all about terrorism (e.g. ISIS propaganda) but he refused to define so-called "hate speech".

The problem is that nobody tries to ban non-objectionable speech - in their mind of whatever constitutes "objectionable."  The question becomes this: While private property owners can constrain speech if there is sufficient market power and lack of reasonable alternatives then you've crossed the boundary into being a public square -- especially if you try to argue that's what your entire purpose is.  Facesucker has done exactly that and Zuckerpig made the claim several times in testimony that the firm exists "to connect people"; well?  Has the firm, along with Google (e.g. Youtube), Twitter and others, reached the saturation and dominance point at which they must be treated as a public square for purposes of free speech?  Good question -- and one that likely needs legislative activity to resolve.

Finally, Zuckerpig, when challenged, couldn't cite any competitors.  If that's not the definition of monopoly..... what is?

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User Info What Did Congress Show Us? in forum [Market-Ticker]
Posts: 395
Incept: 2017-06-27

The People's Republic of New York
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to get to the heart of the matter, they would have to acknowledge what is happening with every other online tracking scheme outside of Facebook. whether it be single pixel objects, sharing buttons, advertising, shared login schemes or the actions of your connectivity provider such as the ISP or cellular carrier, the truth is too dangerous. if any of them had the balls to cross this line it would inevitably lead to a realization of the citizen tracking that occurs in the data industry predating and outside of the web properties. people do know that this is going on, but have become accepting of it through learned helplessness which is probably the root of the millennial disease.

think of it this way. you would crash a major profit center of the internet if this stopped as most social networking firms have no other value. great if you wish to further compromise the already lacking retirement portfolios of a generation. it is mostly about votes.

additionally since this tracking is near ubiquitous simply think of the dirt that these tech firms and the data companies must have regarding these senators and other officials. i know that if you have a friend in the industry or are willing to spend a little money, you can find out anything regarding someone or his family. if one person can do this, imagine what a multi-billion dollar decades old industry can do to dictate terms. let us see what happens in a few years to the two senators who pushed a little too hard or their families. someone gets caught doing something embarrassing. just saying.

the only way that this stops is if we get some canned sunshine here and things are so broken that people do not hold onto what little dignity and consumer lives that they have now. if this ever happens, there are a lot of scores that will be settled and lots of hunting going on. it will be cruel and the dirtbags will realize that their loved ones are in as much danger as themselves.

There are two ways to be rich: One is by acquiring much, and the other is by desiring little.
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That money corrupts and their softball questions verified this. Betting that Facebook lobbyists were all over the building before the questioning started....
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Someone once suggested that Senators should be required to wear patches indicating their corporate sponsorships (aka campaign donations) like NASCAR drivers do.

Raul Ilargi had another point of view on government vs. social media in today's Automatic Earth:

"See, if youre an authority, theres nothing you would rather do than to close down those social media that let people spread news that contradicts and/or doubts what you just said, and undermines that privilege. But that also would mean you cant spy on them anymore through social media. A toss-up?!"
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The South
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@aztrader, they didn't even need lobbyists. Numerous officials openly begged MZ to invest some of his money in their districts. Utterly disgusting.
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