Big Tech has been in the news a lot over the last decade. Initially, the coverage focused on the new possibilities that were created around communication and information sharing and the benefits that these would bring. New tech networks offered unprecedented tools, offering everything from reuniting families separated by emigration to assisting in the overthrow of autocratic regimes and restoring power to the people.
Next, we heard about the tremendous value Big Tech was creating, bringing billions of dollars to founders and workers, as well as the pension funds that invested in them. We knew they were a force for good in the world, not least because they never missed an opportunity to tell us this fact.
The sentiment toward Big tech changed near the end of 2016, fuelled by an unexpected result in the United States presidential election. Big Tech platforms were no longer tools to promote individuality and self-expression; they had swiftly become enablers of hatred and lies. Seemingly overnight, these companies went from darlings to pariahs, from bastions of free speech to being weaponized by malicious interests and rogue states to sway elections, planting false narratives. Individuals in control of the platforms went from defenders of freedom to being likened to dictators. Journalists wrote that Big Tech now had more capital than many governments and greater control of speech than any media outlet — without any democratic checks and balances or regulation to curb their worst impulses.
These events brought to the fore the amount of power that currently resides within Big Tech companies, along with the need to consider how we define speech in the modern world and how it should be amplified and regulated. That, in turn, touches on how the platforms that determine modern speech should be governed.
From decentralization to streaming
To address this, we should examine how the early internet unleashed so much creativity in its early days. Back then, the web was decentralized in its own way, with each website representing its own space, resulting in a vast network of nodes threaded together by hyperlinks. Some nodes were bigger than others, but none so big that they would distort the landscape or require specific regulation. The internet could be viewed as a vast garden, being added to with each additional website.
As both the network and the number of users grew, there was increasing demand for this network to be organized and made more efficient. Google capitalized on this by building an algorithm that searched the web and returned results and, in the process, kicked off a new internet that was defined by algorithms. Content was suddenly being recommended and defined by algorithms across music (Spotify), news (Facebook and Twitter) and entertainment (Netflix). The garden became a stream, and suddenly, we were all being influenced and directed by black-box algorithms that we knew very little about.
It is this new stream model of the internet that has caused such vitriol to be directed toward Big Tech. Big Tech companies dictate what content is acceptable to share and what should be promoted often by considering what is most beneficial to their bottom lines. Content controls are described as moderation for those who approve of them and censorship by those who disagree. The loudest voices dominate the conversation, often disproportionately favoring the Big Tech workforce and the traditional media — a small group with identifiable biases.
Back to the decentralized internet
What is the correct way to govern these massive platforms? Centralizing the power of founders is far too limiting, and outsourcing it to Californian employees and western media is only slightly better. Instead, we should look back to the decentralized internet of the past and see how we could recreate the period many older heads look back on with such nostalgia. Many claim that it is impossible to put this genie back in the box, given the enormous economic value that…
Read More: cointelegraph.com
