So are the Democrats ready to unfriend Facebook?

Nice Observer piece by Thomas Frank, reminding us of how Obama & Co drank the Facebook Kool-Aid:

Seated with a panel of entrepreneurs from around the world, the president [Obama] lobbed his friend Zuckerberg an easy question about Facebook “creating this platform for entrepreneurship around the world”. In batting it out of the park, the Facebook CEO, clad in his humble costume of jeans, T-shirt and sneakers, took pains to inform everyone that what animated him were high-minded ideals. “When I was getting started,” he burbled, “I cared deeply about giving everyone a voice, and giving people the tools to share everything that they cared about, and bringing a community together …”

No rude senator spoke up to interrupt this propaganda. Instead, Zuckerberg went on to describe his efforts to connect everyone to the internet as a sort of wager on human goodness itself.

“It’s this deep belief that you’re trying to make a change, you’re trying to connect people in the world, and I really do believe that if you do something good and if you help people out, then eventually some portion of that good will come back to you. And you may not know up front what it’s going to be, but that’s just been the guiding principle for me in the work that we’ve done …”

That’s how it works, all right. Gigantic corporate investments are acts of generosity, and when making them, kind-hearted CEOs routinely count on Karma to reward them. That’s the “guiding principle”.

Reader, here is what the president could be heard to say as Zuckerberg ended this self-serving homily: “Excellent.”

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What Facebook’s monopoly means for developing countries

This morning’s Observer column:

The most significant moment in the US Senate’s interrogation of Mark Zuckerberg came when Senator Lindsey Graham asked the Facebook boss: “Who’s your biggest competitor?” It was one of the few moments in his five-hour testimony when Zuckerberg seemed genuinely discombobulated. The video of the exchange is worth watching. First, he smirks. Then he waffles about Google, Apple, Amazon and Microsoft “overlapping” with Facebook in various ways. It’s doesn’t look like he believes what he’s saying.

Eventually, Senator Graham cuts to the chase and asks Zuckerberg if he thinks Facebook is a monopoly. “It certainly doesn’t feel like that to me,” the lad replies.

Laughter ripples through the room, as well it might. Here, at last, was something that every senator at the hearing understood. What’s less clear is whether they grasped the scale of the problem the company poses to society…

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