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Tort — Ken Melvin

Summary:
Seems Section 230 of the Communications Decency Act of 1996 was intended to provide internet service providers some immunity from prosecution for the transmittal of porn by third parties on their services. Of late, Section 230 has been claimed to provide all sorts of immunity from prosecution from all sorts of transmitted content.These social media companies, particularly Facebook, have become obscenely rich transmitting content, a lot of which was much, much, much worse than porn. Content that has wrongly skewed national elections around the world, disrupted governance, …, resulted in the deaths of thousands upon thousands, at least, of people.Freedom and responsibility. Rights like freedom of speech entail corresponding responsibilities. Similarly incentives involve obligations. If a

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Seems Section 230 of the Communications Decency Act of 1996 was intended to provide internet service providers some immunity from prosecution for the transmittal of porn by third parties on their services. Of late, Section 230 has been claimed to provide all sorts of immunity from prosecution from all sorts of transmitted content.

These social media companies, particularly Facebook, have become obscenely rich transmitting content, a lot of which was much, much, much worse than porn. Content that has wrongly skewed national elections around the world, disrupted governance, …, resulted in the deaths of thousands upon thousands, at least, of people.

Freedom and responsibility. Rights like freedom of speech entail corresponding responsibilities. Similarly incentives involve obligations. If a system doesn't balance these and other similar factors, then there is a lot of free riding that eventually undermines the system itself. Free riding is a form of parasitism.

Angry Bear
Tort
Ken Melvin


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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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