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from the what-you-see-depends-on-where-you-are dept.
Silicon Valley is a uniquely American creation, the product of an entrepreneurial spirit and no-holds-barred capitalism that now drives many aspects of modern life.
But the likes of Facebook, Google and Apple are increasingly facing an uncomfortable truth: it is Europe's culture of tougher oversight of companies, not America's laissez-faire attitude, which could soon rule their industry as governments seek to combat fake news and prevent extremists from using the internet to fan the flames of hatred.
While the U.S. has largely relied on market forces to regulate content in a country where free speech is revered, European officials have shown they are willing to act. Germany recently passed a law imposing fines of up to 50 million euros ($59 million) on websites that don't remove hate speech within 24 hours. British Prime Minister Theresa May wants companies to take down extremist material within two hours. And across the EU, Google has for years been obliged to remove search results if there is a legitimate complaint about the content's veracity or relevance.
(Score: 1, Insightful) by Anonymous Coward on Friday November 03 2017, @05:42PM (2 children)
Capitalism isn't a political system. It's an idealised economic system.
Capitalism as a political system would kill people who weren't rich enough, productive enough (you got a serious illness?, off to the efficiency chamber with you), or expected to be productive enough (bad grades?, off to the efficiency chamber with you). Things like slavery would be just fine, as long as it's profitable enough for the shareholders.. The only ethic and morals is profit for the owners. In fact, we can see the effects of treating it like a political system. As just one example, universal health care, which is cheaper and more effective on a societal level but would mean much less profit for a very wealthy group.
(Score: 3, Informative) by UncleSlacky on Friday November 03 2017, @07:12PM
>Capitalism as a political system would kill people who weren't rich enough, productive enough (you got a serious illness?, off to the efficiency chamber with you),
Like what happens to people without health insurance?
>Things like slavery would be just fine, as long as it's profitable enough for the shareholders.. The only ethic and morals is profit for the owners
Like private prisons? (thanks, 13th amendment!)
(Score: 0) by Anonymous Coward on Saturday November 04 2017, @01:14AM
If you kill someone against his will, then you are re-appropriating that person's capital involuntarily.
Well, capitalism is voluntary appropriation of capital. So... NOPE. Not capitalism.
faggot.