Section 230 of the Communications Decency Act has given rise to Big Brother.
The Federal Communications Commission (FCC) chair who oversaw the implementation of Section 230 of the Communications Decency Act has admitted the mistake he and others made by creating special privileges in the marketplace that have allowed for the rise of monopoly tech firms.
Reed Hundt spoke to ProMarket about the monster he helped create when he led the FCC during the Clinton administration from 1993 to 1997. He explained that big tech monopolies and oligarchies were not created by accident, but by design through government regulatory policy.
“In every country, almost without exception, there is an antitrust policy and an antitrust history, and in every single country the narrative of this antitrust oscillates between applying some rigorous economic theory designed to promote efficiency, with a willingness to have winners, and another school where it is not just about efficiency—it is also about the social impact. And it goes back and forth,” Hundt said.
“In the United States, almost uniquely among countries, the narrative in the rulings was about nothing other than efficiency, from roughly the late 1970s, which is when I started [working] at antitrust practice, until a couple of years ago. It is the longest run for the efficiency school that you’ll find in any country. That philosophy was meant to allow some companies to win the competition and become monopolies or oligopolies. That was the idea—it wasn’t an accident,” he added.