Augustus
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What should be the legal regulation on the censorship of such platforms? Would it be arguable that giving the government control over the boundaries of speech on social media would be handing the government too much control over media outlets?
You would need some kind of code of conduct, transparent policies and algorithms, an ombudsman who people can appeal to and ultimately the ability to challenge in court and compensation for egregious censorship.
Better the power held by government via the people than a handful of immensely powerful corporations that can ruin lives and swing elections on a whim.