Back to episode — Episode 534 Scott Adams - Predicting, Deutsche Bank, Brennan, China, Iran
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r put some more money into it to justify the million I already spent. That's how artists think. Economists say that million's gone. It's just gone. I have a new decision today about whether my new hundred thousand should go in or not but it has nothing to do with the money I've already spent. So that's a very tiny little adjustment in how they see the world. The economists versus the artists. So t…
← Previous segment →estion not an opinion. I want you to fact-check me here. I need somebody who's got a little more knowledge about APIs and social media platforms than I do. Could somebody create an interface, a program, an application that could post your content to any of the different platforms? Now this part I know is true. So there are like you Hootsuite and other programs like that that let you schedule and then post your content to multiple platforms. But could somebody make a version of that in which you could also read content from only the platforms you wanted to read but collective from all the platforms and also post to all the platforms? And here's the best part because I think the answer is yes to all those things right but this is where you need to fact-check me. Could you create a higher level platform that simply interacts with all the social media platforms for the purpose of being able to create competition where none exists? Let me say more about that. What can Facebook do that Twitter cannot do? Not much right? I can post a picture on Twitter. I can post a picture on Facebook. Now there's a small difference meaning that my Twitter posts are open to the public whereas my Facebook posts I can make private and or public. Very small change. Twitter can do that right? Could you build an interface above all the social media programs that did whatever filtering you wanted to do? But here's the important part. Here's the important part. Could you, when one of the platforms starts discriminating, move your attention and traffic to the one that is discriminating less or not at all? So for example you see a number of competing platforms. I saw one today called Parler.com now I think they want to be sort of a competitor to Twitter for political posts and be unfiltered but of course they have a rough road because it's hard to get anybody to go to a new platform. But if you had a platform on both of the platforms you could just add that one in there and you wouldn't have to use any extra effort to post to there or to read there. And then over time you can sort of move your traffic where people are being less abusive.
Let me give you the example. Suppose you and all your friends had this new higher level application that was simply interacting with different social media platforms and Facebook deplatformed Candace Owens. That one's all right now. They had her on suspension for a week for reasons that when they looked at it even they decided were not sufficient so they reversed it. But you as a consumer if you see somebody getting deplatformed you could very easily just check the box that takes that platform and if your traffic for a while because you would still see everybody's tweets everybody's pictures but they would just be coming to you through a different platform because people would be using all the platforms just by being part of one app. So could you create competition where there is none by some kind of a higher app that would reward Twitter let's say for being more, and I think this is true, there's probably a difference with the platforms in terms of their openness to free speech. We saw for example that Twitter I think has been more cautious than Facebook at a few cases. And it would be easy for you to let's say incent Twitter by giving them more traffic and take traffic away from Facebook but people would still see all your posts and all your content because they could see it through other platforms. Now I don't know if any of this is legal or if the platforms would you know close you down so that you couldn't use their platform with this third party. I suspect that would be the problem. So the general idea and maybe the specific application is not a good one but the general idea is how can we as customers put market pressure on the platforms to stay within the bounds of good censorship and not bad censorship. When I say good censorship there is content I don't want to see on the platforms. I don't want to see ISIS propaganda. I don't want to see anti-semitic stuff. Alright so I don't mind that the platforms are editing but when they go too far you want the market to immediately respond in ways that influence their bottom line immediately.
Because let's say for example if Facebook, well I'll give you a concrete example. When Candace Owens got kicked off on Facebook for a little while mentally I said to myself I'm just not going to log on to Facebook for a week. So I personally boycotted Facebook but I didn't give up my account nor would I. I think that canceling your account is sort of you know punching yourself in the face because we sort of need the social media accounts to be part of society. But I could certainly say to myself I'll bet I could go a week without logging onto Facebook because all the posts will still be there you know yeah if I feel like it but I probably wouldn't look as many posts if I wait a week. I'm not gonna bother to go down the whole thing. I might look at the new ones. So
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I said to myself I will mentally boycott them. But wouldn't it have been good if I had a platform I could just click them off for a week and I can give them, how about this, shouldn't the public be able to give Facebook a one week suspension? That's the way to frame it. Finally okay I accidentally got to the right answer by feeling around. Right now social media platforms can give an individual a…
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