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Chan Zuckerberg Initiative scientists: FB’s practices ‘antithetical’ to mission

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Re: Chan Zuckerberg Initiative scientists: FB’s practices ‘antithetical’ to mission

#61

There are also a lot of people who think the way media companies are acting (in terms of censoring/suppressing speech they don't agree with) is horrifying but are afraid to speak out against it because they fear the social or economic consequences of doing so.

Can you use your money as speech to short their stock? How else can you meaningfully joust with a multinational megacorp on an individual level? Why do you feel that it’s censorship or speech suppression as opposed to exercising their own right as a company to set and enforce their own Terms of Service? How would you change the current system? How would you enforce your changes? How would your changes apply to overse…

> Can you use your money as speech to short their stock?

I don't think that would have any effect.

> Why do you feel that it’s censorship or speech suppression

Because they are removing or not allowing speech that doesn't fit certain criteria. That is basically the definition of censorship or suppression. Of course, it's not illegal, but a definition of right and wrong based on legality is fairly impoverished in my opinion.

As for how I would change the current system, I'm not really sure. The problem could be solved by a change in culture, which I think is preferable to a legal solution, but the solution will have to be legal since I don't see our culture changing anytime soon. The most straightforward thing to do would be to treat sites like twitter/facebook as public spaces and so allow any sort of speech that isn't illegal.

Re: Chan Zuckerberg Initiative scientists: FB’s practices ‘antithetical’ to mission

#62
post #54

Earlier quoted context omitted.

A better question is, did the other people who helped create Facebook receive total compensation anywhere close to proportional to the value they created for Facebook? Not a rhetorical question. I’m curious what the estimated value to Facebook a high level employee is, relative to the compensation they receive. Then compare that ratio to Zuckerberg’s ratio.

In a market economy you don't pay for things in proportion to the value they create, you pay based on the supply and the demand. An EpiPen might save your life, should you pay for it in proportion to the value it creates for you? Or maybe you can pay based on the availability.

> you pay based on the supply and the demand

Your argument takes the form "the market price is the right price," which is basically just a statement of ideology.

Supply/demand schedules are as much a product of market structure as they are a function of market participant preferences. You see the HFT folks--who probably agree with your ideology--make this argument any time anyone proposes changes to financial market micro-structure.

So, the statement "the market price is the right price" implicitly assumes that the current structure of the market optimizes whatever objective you think markets exist to optimize.

Re: Chan Zuckerberg Initiative scientists: FB’s practices ‘antithetical’ to mission

#63
post #54

Earlier quoted context omitted.

In a market economy you don't pay for things in proportion to the value they create, you pay based on the supply and the demand. An EpiPen might save your life, should you pay for it in proportion to the value it creates for you? Or maybe you can pay based on the availability.

> you pay based on the supply and the demand Your argument takes the form "the market price is the right price," which is basically just a statement of ideology. Supply/demand schedules are as much a product of market structure as they are a function of market participant preferences. You see the HFT folks--who probably agree with your ideology--make this argument any time anyone proposes changes to financial market…

If you think the market is giving a wrong price or structural issues are not optimizing the right thing, the correct action is to fix those structural issues, not to try and fix prices by fiat. The market will continue to operate around that and distort elsewhere, usually to the detriment of everyone involved.

It is not an ideology, it is a fact of how markets operate. If something is in great supply and low demand, the price will be low, and vice versa. This is an observable, objective statement about the nature of the world. Having an ideology that makes you wish the price were something else, doesn't change the reality of how prices of things are determined.

The "structural issues" are usually the result of artificial distortions on the supply or the demand that come from the result of well-meaning but misguided efforts to get the "right" price according to one side of the transaction.

Re: Chan Zuckerberg Initiative scientists: FB’s practices ‘antithetical’ to mission

#64
post #60
post #20

Earlier quoted context omitted.

Did they stop teaching civics in class? https://chanzuckerberg.com/grants-ventures/grants/ "Grants are awarded via three funding entities: the Chan Zuckerberg Foundation, a 501(c)3 private foundation; the Chan Zuckerberg Initiative Donor-Advised Fund (DAF) at the Silicon Valley Community Foundation; and Chan Zuckerberg Advocacy, a 501(c)4 organization." Now please do check how money needs to be spent by 501(c)3: http…

First line of your comment is very representative of what I hate with HN. So elitistic, patronizing and snarky

At least in my country: civics now are focused on entrepreneurship and not actual civics unlike in the past.
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