Social Media: The Capitalist & the Rope

Lawyers from Facebook, Google and Twitter testified before congress at the start of November, 2017. One of the main reasons these companies attracted the attention of congress was the cyberwarfare campaign launched by the Russians through these companies against the United States during the 2016 Presidential campaign.

One narrative is that companies like Facebook are naively focused on all the good things that are possible with social media and that they are blind to misuses of this sort. On this narrative, the creators of these companies are like the classic scientist of science fiction who just wanted to do good, but found their creation misused for terrible purposes. This narrative does have some appeal—it is easy for very focused people to be blind to what is outside of their defining vision, even extremely intelligent people. Perhaps especially in the case of intelligent people.

That said, it is difficult to imagine that companies so focused on metrics and data would be ignorant of what is occurring within their firewalls. It would also be odd that so many bright people would be blissfully unaware of what was really going on. Such ignorance is, of course, not impossible—but seems unlikely.

Another narrative is that these companies are not naïve. They are, like many other companies, focused on profits and not overly concerned with the broader social, political and moral implications of their actions. The cyberwarfare launched by the Russians was profitable for their companies—after all, the ads were paid for, the bots swelled Twitter’s user numbers, and so on.

It could be objected that it would be foolish of these companies to knowingly allow the Russians and others to engage in such destructive activity. After all, they are American companies whose leaders seem to endorse liberal political values.

One easy reply is courtesy of one of my political science professors: capitalists will happily sell the rope that will be used to hang them. While this seems silly, it does make sense: those who focus on profits can easily sacrifice long term well-being for short term profits. Companies generally strive to ensure that the harms and costs are offloaded to others. This practice is even defended and encouraged by lawmakers. For example, regulations that are intended to protect people and the environment from the harms of pollution are attacked as “job killing.” The Trump administration, in the name of profits, is busy trying to roll back many of the laws that protect consumers from harm and misdeeds. As such, the social media companies are analogous to more traditional companies, such as energy companies. While cyberwarfare and general social media misdeeds cause considerable harm, the damage is largely suffered by people other than social media management and shareholders. Because of this, I am somewhat surprised that the social media companies do not borrow the playbooks used by other companies when addressing offloading harms to make profits. For example, just as energy companies insist that they should not be restrained by “job-killing” environmental concerns, the social media companies should insist that they not be restrained by “job-killing” concerns about the harms they profit from enabling. After all, the basic principle is the same: it is okay to cause harm, provided that it is profitable to a legal business.

Of course, companies are also quite willing to take actions for short term profits that will cause their management and shareholders long term harms. There is also the fact that most people discount the future—that is, they will often take a short-term benefit even it means forgoing a greater gain in the long term or experiencing a greater harm later. As such, the idea that the social media companies are knowingly allowing such harmful activity because it is profitable in the short term is not without merit.

It is also worth considering the fact that social media companies span national boundaries. While they are nominally American companies, they make their profits globally and have offices and operations around the world. While the idea of megacorporations operating apart from nations and interested solely in their own profits is considered the stuff of science fiction, companies like Google and Facebook clearly have interests quite apart from those of the United States and its citizens. If being a vehicle for cyberwarfare against the United States and its citizens is profitable, these companies would have little reason to not sell, for example, the Russians the digital rope they will use to hang us. While a damaged United States might have some impact on the social media-companies bottom line, it might be offset by profits to be gained elsewhere. To expect patriotism and loyalty from social-media companies would be as foolish as expecting it from other companies. After all, the business of business is now shareholder and upper management profit and there is little profit in patriotism and national loyalty.

 

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  1. Bearron von Cybernation

    It’s a bit pathetic to still be hawking the russia story-especially since all the money TO the Kremlin flowed via the Steele Dossier (that cost wat, 9mil to compile?) and all the money FROM the Kremline sloshed around the Clinton machine/foundation in the Uranium One ‘matter’ (as Comey may term it). Trump has ZERO transactions with the Kremlins, you cretins read it and weep!

    Now, you bash these uber-liberal companies as ‘capitalist’ in the lowest form of meretricious prevarication. It’s like leftist calling Hillary a right-winger cuz she loves wall st and wars. Like, yall must not know any conservatives. Flag, constitution, borders, Supreme COurt, where does Hillary stand on all this? Similarly, when these companies engage in censorship, propaganda and social engineering of A DECIDEDLY POLITICALLY-CORRECT NATURE, weeeell that’s just the well known liberal bias of reality. But the moment you pearl-clutchers are in a tizzy it’s cuz muh ebil silicon valley repug-wingnuts. I agree though, any rich virtue-signallers who think they won’t get guilottined by antifa come the revolution are crazy.

    “While the idea of megacorporations operating apart from nations and interested solely in their own profits is considered the stuff of science fiction”
    AS IF PEOPLE HAVEN’T BEEN TALKING GLOBALISM SINCE BUSH 41! As if China hasn’t been in the WTO since Sept 12, 2001. Where have you been?

    You and I both know that you can’t expect patriotism from corps. But since when were leftists patriotic? What kind of patriot wants to ‘fundamentally transform’ their country? Try slip that little phrase into a declaration of love to your spouse. No, a true patriot wants to Make America Great AGAIN! AGAIN, i repeat, AGAIN! As in, there is much to be proud of in American history, none of this Transformative Messianism. I’m sorry, but leftists attacking Trump for lack of patriotism-I literally can’t even
    #TRIGGERED

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