This may be Facebook’s year of reckoning. But the various government actions against it will fail to eliminate the toxins of conspiracy theories if they don’t tackle the central problem: the imperative for clicks.
Professor Diane Coyle argues for an outstanding public service social media company, funded by taxes, to provide competition on innovation and service, rather than who can spread the most outrageous viral lies.
Professor Diane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Her latest book is ‘Cogs and Monsters: What Economics Is, and What It Should Be‘ on how economics needs to change to keep pace with the twenty-first century and the digital economy.
Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an expert adviser to the National Infrastructure Commission, and Senior Independent Member of the ESRC Council. She has served in public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, of the Migration Advisory Committee and of the Natural Capital Committee. Diane was Professor of Economics at the University of Manchester until March 2018 and was awarded a CBE for her contribution to the public understanding of economics in the 2018 New Year Honours.