>Would you like newspapers (e.g. that very NYT) be governmentally regulated because they are "too important for society"? It's dangerously close to the late Soviet Union. How effective NYT would be e.g. in uncovering the Watergate case were they regulated "for the common good"? There's a particular fallacy that makes people think that some centralized regulation would be more efficient and lead to better outcomes than self-regulation on a level playing field.

I don't really want media companies regulated too heavily, I want them broken up into many smaller companies. Same thing for big banks and big agriculture and the pharmaceutical companies and insurance companies and for data-harvesting tech companies like Google and Facebook. Break them up, force them to compete. I think to the extent that regulation is necessary in tech it should be regulating a common standard by which you can export your social media profile and move it to any other and then mandating complete access to all information a company has on me and a minimum damage value for all information leaks (say $10 per person).

Not every regulation has to be a giant bureaucratic mess. Instead we should look to government to set markets back to their rightful states - lots of information, lots of alternatives, lots of competition between those alternatives and little lock in.