HomeUploadUpload DirectHotlinkRandomAbouttheme toggle

Why Facebook ‘Welcomes’ Regulation: Mark Zuckerberg vs. Silicon Valley’s Richard Hendricks

Views: 901
Mark Zuckerberg is the multi-billionaire founder and CEO of Facebook. This week he testified before Congress, assuring lawmakers that his company will play nice with government regulators.


Subscribe to our YouTube channel: http://youtube.com/reasontv

Like us on Facebook: https://www.facebook.com/Reason.Magazine/
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.


Richard Hendricks is from HBO's sitcom Silicon Valley. He's the bumbling CEO of the unfortunately named Pied Piper. His memorable moments include evacuating his bowels, vomiting, and then lunging into a glass wall in front of his workers.

One is poised when being grilled by Congress and the other can't even deliver a pep talk to his staff without hurling under his desk.

But the better hope for the future of the internet is Richard Hendricks and not Mark Zuckerberg. Here's why.

In his testimony, Zuckerberg welcomed regulation, and even agreed to help craft it. He's in the same position as late-19th-century railroad tycoons. Contrary to conventional wisdom, these robber barons embraced regulation as a way to raise the barriers to entry for competitors who were eating into their profits and market share.

Still sporting a hoodie, Richard Hendricks is at an earlier stage of his career. He's trying to build a new internet in an effort to outmaneuver Hooli, a fictional amalgamation of Google and Facebook. Richard represents the next wave of innovation— the competitor who, if government stays out of it, will eventually erode Facebook's market share by offering a better product.

Even Richard's approach to disrupting Facebook is more than just TV fantasy. There's a real movement in the tech world to build a new decentralized web that would give users actual control over their own data and create open platforms that aren't controlled by any single all-powerful CEO. One reason to bet on real-life projects such as Blockstack and Ethereum to decentralize the internet is that talented engineers are beating down their doors, because working at Google and Facebook is lucrative but soul killing.

As Facebook and Congress start to write new rules for cyberspace, all of us who believe in free expression and permissionless innovation have a real stake in making sure that the future of the internet remains as wide open as possible.

Produced by Todd Krainin. Written by Jim Epstein and Nick Gillespie, who also narrates.
@ReasonVidsfollow
Thumbnail for Why John Boehner Was a Better Speaker than Paul Ryan: Justin Amash6:03
Why John Boehner Was a Better Speaker than Paul Ryan: Justin Amash
ReasonVids
845 views
Thumbnail for The Prosecution of Julian Assange Is an Assault on the First Amendment14:06
The Prosecution of Julian Assange Is an Assault on the First Amendment
ReasonVids
996 views
Thumbnail for 'Medicare Is a Bank Without Security Guards:' Media Exec David Goldhill vs. Princeton's Paul Starr1:21:45
'Medicare Is a Bank Without Security Guards:' Media Exec David Goldhill vs. Princeton's Paul Starr
ReasonVids
761 views
Thumbnail for Stossel: The Working Rich Improve Our Lives3:20
Stossel: The Working Rich Improve Our Lives
ReasonVids
833 views
Thumbnail for "Don't Let My Daughter Die, Governor!": Chris Christie vs. Medical Marijuana4:16
"Don't Let My Daughter Die, Governor!": Chris Christie vs. Medical Marijuana
ReasonVids
1001 views
Thumbnail for Pension Tsunami's Jack Dean on the Growing Wave of Public Pension Debt9:48
Pension Tsunami's Jack Dean on the Growing Wave of Public Pension Debt
ReasonVids
916 views
Thumbnail for South Africa - Value Warehouse on fire at Cato Ridge [2021/July]0:21
South Africa - Value Warehouse on fire at Cato Ridge [2021/July]
godiswhite
1150 views
Thumbnail for The Cuban Heavy Metal Band That Joined the Communist Regime11:19
The Cuban Heavy Metal Band That Joined the Communist Regime
ReasonVids
913 views
Thumbnail for Assassin's Creed: Games with a Libertarian View of the World4:45
Assassin's Creed: Games with a Libertarian View of the World
ReasonVids
819 views
Thumbnail for ЗВЕРНЕННЯ ПРЕЗИДЕНТА! НОВОРІЧНА НІЧ з телемарафоном! | ТСН1:00
ЗВЕРНЕННЯ ПРЕЗИДЕНТА! НОВОРІЧНА НІЧ з телемарафоном! | ТСН
invidious
79 views
Thumbnail for Weimer Republic. The first worlds leading shithole.2:18
Weimer Republic. The first worlds leading shithole.
bestoftalk.lol
977 views
Thumbnail for The Grover Norquist of Spending Cuts: Jonathan Bydlak and the Coalition to Reduce Spending13:17
The Grover Norquist of Spending Cuts: Jonathan Bydlak and the Coalition to Reduce Spending
ReasonVids
896 views
Thumbnail for Enter Reason Media Awards NOW to Win $16,000!0:30
Enter Reason Media Awards NOW to Win $16,000!
ReasonVids
891 views
Thumbnail for The Guatemalan Telecommunications Miracle: A Conversation with Alfredo Guzman8:04
The Guatemalan Telecommunications Miracle: A Conversation with Alfredo Guzman
ReasonVids
875 views
Thumbnail for Why We Still Like Ike: Biographer Jim Newton on Dwight Eisenhower's Underrated Presidency10:56
Why We Still Like Ike: Biographer Jim Newton on Dwight Eisenhower's Underrated Presidency
ReasonVids
869 views
Thumbnail for Liberland: A New Nation Founded on 'Love and Freedom'2:36
Liberland: A New Nation Founded on 'Love and Freedom'
ReasonVids
877 views
Thumbnail for Pfizer-tweaker Goes Batshit Insane At Casino10:47
Pfizer-tweaker Goes Batshit Insane At Casino
bestofsaidit
583 views
Thumbnail for Egyptian Dissident Cynthia Farahat: The Middle East Is Hungry for Free Markets and Free Speech14:19
Egyptian Dissident Cynthia Farahat: The Middle East Is Hungry for Free Markets and Free Speech
ReasonVids
760 views
Thumbnail for Topkek0:14
Topkek
AOUisgay
534 views
Thumbnail for Rune Chat #107 | Space is Flat the Earth is Fake1:26:08
Rune Chat #107 | Space is Flat the Earth is Fake
RuneChat
572 views
Thumbnail for It's Time to Legalize Hemp! Q&A with CEO of Dr. Bronner's Magic Soaps2:59
It's Time to Legalize Hemp! Q&A with CEO of Dr. Bronner's Magic Soaps
ReasonVids
927 views
Thumbnail for Top 5 NFL Hits to Taxpayers1:00
Top 5 NFL Hits to Taxpayers
ReasonVids
821 views
Thumbnail for 3 Reasons to KILL the Export-Import Bank FOREVER2:14
3 Reasons to KILL the Export-Import Bank FOREVER
ReasonVids
828 views
Thumbnail for Delta Smelt & Undocumented Farm Workers: How Federal Policy Is Failing CA's Central Valley7:47
Delta Smelt & Undocumented Farm Workers: How Federal Policy Is Failing CA's Central Valley
ReasonVids
840 views

points

Permalink
Reply
libertarian, reason magazine, reason.com, reason.tv, reasontv, bitcoin, blockchain, hbo, thomas middleditch, t.j. miller, josh brener, martin starr, kumail nanjiani
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle