It's just another form of "socialise the costs, privatise the profits". In any s... | Hacker News

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		noir_lord 6 months ago \| parent \| context \| favorite \| on: Meta projected 10% of 2024 revenue came from scams It's just another form of "socialise the costs, privatise the profits". In any sane world we'd regulate big tech far more rigorously than we do (we'd tax them more as well but that's a separate issue).

philipallstar 6 months ago [–]

This is totally backwards. We "socialise" the profits and leave the risk and losses to the private sector.

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