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The regulators planning these new laws don't seem to have realized that they will create a huge incentive for people to create new, low-quality but low-cost clickbait farms.https://www.nytimes.com/2020/05/10/business/media/big-tech-has-crushed-the-news-business-thats-about-to-change.html …
These will deprive Le Monde not only of its revenue, but of its traffic as well. The only way to ensure Google pays Le Monde x euros is to confiscate x euros from Google and give it to Le Monde. If you leave any gap in your regulations, the market will flood in.
Political Regulation Definition: The study of unintended consequences.
And it's not just a one-time thing. The regulation needs to constantly shift, as smart people try to have the system.
i think your perspective is important: legacy publishers dont fully appreciate the power of small business to eat away their power. legacy media profits were built on oligopoly broadcast power. Even if regulation works as intended, all the $$ wont go to the outlets they want
2. oh and think of the political consequences! Breitbart was, at one time, one of the most popular outlets on facebook. Imagine when these regs force platforms to send fistfulls of cash to populist outlets. Then they’ll demand more regs to determine what constitutes “news”
Regulators always forget about those pesky “market forces”
Germany invented it. We called it „Leistungsschutzrecht“ - right that protects effort/attainment/... It failed in Germany, then Germany pushed it to European level Where it will fail Dumbest invention in a long time
Pushing me to the edge of despair
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