Regulating Big Tech is not enough. We need platform socialism

The networked computer represents an exciting opportunity to reshape the world in an image of sustainable prosperity, shared collective wealth, democratized knowledge and respectful social relations. But such a world is only possible if we actively decide to build it. Central to that task is giving ordinary people the power to control how the digit

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what we need to do is rethink this sense of unfettered capitalism in an age of globalization and say, no, we still have to value community, we still have to value place, and we need to have a capitalist system that allows for enough state intervention, that helps places survive and thrive.

In a world in which people are more used to ownership of their digital assets and identity, and how it makes money, Meta’s best strategy will be to operate more like a Minimally Extractive Coordinator than an extractive platform. To reach its full potential, Meta needs to disrupt Facebook by turning itself into something that behaves more like a pr... See more

Web2 platforms coerce user loyalty through network effects and closed data, and exiting a platform leaves creators without access to their audiences or content. Web3 affords the opportunity to build systems that foster user agency and self-determination through true digital ownership, open data, and networks that are built atop open-source software... See more

What do labor activists, socialists, and mutual aid organizers see in Web3? Simply, a design space and set of tools to explore using towards political ends. Practically speaking, this includes an interest in transparent voting, funding of public goods, and broad-based ownership and governance of online infrastructure.

The very fact that we are so concerned over a change in ownership of Twitter, and the impact that that may have on the digital public sphere, highlights the complete lack of regulatory oversight and the lack of any set of ethical norms that have been established for social media.