Benko: Tread carefully when wishing for regulation of Big Tech.

Ralph Benko, editor-in-chief of the Supply-Side blog, writing in his capacity as chairman of The Capitalist League at Newsmax says Tread Carefully When Wishing for Regulation of Big Tech and Data.

Excerpt from Newsmax:

Big Data provides me and billions of happy customers with powerful, convenient, technologies making us way more productive and entertained. Google and Facebook and so forth dominate their niches because their offerings are the best. Ozy reports that my cut of Facebook’s $39B/year would be about $5/month. Not exactly price gouging.

So how is it that a tiny number of vocal “conservatives” are ganging up with socialists like Rep. Alexandria Ocasio-Cortez, D-N.Y., and progressives like Sen. Elizabeth Warren, D-Mass.? AOC recently told Ta-Nahesi Coates as reported by Liz Wolfe at Reason.com, that “No one ever makes a billion dollars. You take a billion dollars.”

It’s shocking to see “conservatives” promoting socialist nonsense.

Great fortunes are almost always made by providing great goods and services to millions of eager customers. Like, for example, Google does. That’s called “capitalism.”

One talented young conservative commentator recently called the statute that protects online platforms from being held liable for what users post as “a sweetheart deal” and a “government subsidy which Google no longer deserves.”

Nonsense.

Repealing that protection would destroy social media and the best of the internet.

Her claim is akin to calling the First Amendment’s guarantee of freedom of the press a “sweetheart deal” and a “government subsidy” which Newsmax “no longer deserves.”

Nonsense. America has immunized media for being opinionated since Day One.

The First Amendment wasn’t a “sweetheart deal” or a “government subsidy.”

It protects unalienable rights. So does Section 230. A center-left viewpoint (if Google or Facebook or Amazon had one, which the evidence does not well support) wouldn’t, in the least, invalidate Section 230.

A tiny vocal faction of “conservatives” pushing antiquated Progressive Era antitrust? Policies repudiated by serious modern conservatives from Reagan forward, repudiated?

What a spectacle!

The rock group The Kinks got it right in their classic song, “Lola,” “It’s a mixed up, muddled up, shook up world!”

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