Listeners more erudite than us — yes, grammarians, it could be “we” — are undoubtedly familiar with Carole Cadwalladr. Her work was the subject of the recent Netflix documentary “The Great Hack,” exploring the weaponization of social media.
The Cadwalladr and Netflix work adds further fuel to an on-going debate: would society be better off regulating Facebook, Twitter and the like as proposed by certain now-vacationing Washingtonians, or is Adam Smith’s “invisible hand” the answer?
Economists might argue the latter: that aggregate consumer self-interest, unhindered by governmental or capitalist influence, will always produce the best outcome. But, if that’s so, how do you explain the 300,000,000,000 burgers sold by McDonald’s?
Join the team from Failure - the Podcast in a discussion with Nadeem Mazen, co-founder of fabrk.io, a social network that is powered by cryptocurrency and consumer choice, and decide for yourself.