So they exempt platforms with deep pockets ? So much for the "I like small business" meme politicians love to bring up.
They also exempt social media companies with less than 100 million gross revenue
New Arkansas bill to keep minors off social media exempts most social platforms
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Re: New Arkansas bill to keep minors off social media exempts most social platforms
#12So is the goal to prevent a new social media platform from gaining traction under the guise of "think of the children"?
Well no, because your revenue has to already be over 100m. Its odd.
Re: New Arkansas bill to keep minors off social media exempts most social platforms
#13Is there a formal name to describe incumbents pushing for regulations in order to keep out new competitors? Something more specific than just “anti-competitive, monopolistic,” etc. This seems like such a common tactic that I’d expect there to be academic studies about it.
Neoliberal crony capitalism?
What makes lobbying to regulate your competitors out of existence neoliberal?
Re: New Arkansas bill to keep minors off social media exempts most social platforms
#14Re: New Arkansas bill to keep minors off social media exempts most social platforms
#15Is there a formal name to describe incumbents pushing for regulations in order to keep out new competitors? Something more specific than just “anti-competitive, monopolistic,” etc. This seems like such a common tactic that I’d expect there to be academic studies about it.
Yes, the term you're looking for is "regulatory capture." Regulatory capture is a phenomenon where incumbent firms or industries manipulate regulations and regulatory bodies to create barriers to entry for new competitors, thereby maintaining or increasing their market power. This concept was first introduced by the economist George Stigler in his 1971 paper, "The Theory of Economic Regulation."
Regulatory capture can take various forms, such as influencing the creation of new regulations that favor incumbents, lobbying for selective enforcement of existing regulations, or even having industry insiders appointed to key regulatory positions. It's a well-studied topic in economics, political science, and public policy, and is seen as a form of government failure that leads to market inefficiencies and reduced competition.
Re: New Arkansas bill to keep minors off social media exempts most social platforms
#16Re: New Arkansas bill to keep minors off social media exempts most social platforms
#17Clearly, the point is to look good to some prospective voters that likely won't get legally rejected because it applies to no one. You can claim to have done something without worrying about a messy reality.
Re: New Arkansas bill to keep minors off social media exempts most social platforms
#18Re: New Arkansas bill to keep minors off social media exempts most social platforms
#19Re: New Arkansas bill to keep minors off social media exempts most social platforms
#20not sure how to feel about this law in general. absolutely do not want me grand kids on twitter or facebook and me kids even more against it. but not sure how state can enforce and state should enforce. feel like 1984 book.
If it’s proven that is bad for them, I would not be so opposed. Same with alcohol or tobacco.
[gestures broadly all around]