Can Antitrust Law Rein in Facebook’s Data-Mining Profit Machine?
ineteconomics.org
ineteconomics.org
Probably not.
But an anti - "data sharing" law can. A HIPAA like law for personal data would stop, not only FB, but all of these companies in their tracks. Just make it illegal to sell access, in any fashion, to a user's personal data.
To get the government on your side, just make it like HIPAA. Law enforcement can still access your data, if they have a warrant, and demonstrate an urgent need. Everyone else is SOL. Any violations should be punished in the same draconian fashion that HIPAA violations are punished. (This will make the business of selling data unprofitable in the extreme.)
We have to instill the same urgency on the personal data side, that HIPAA has instilled on the healthcare data side.
To think that no one of significant power / influence in Washington DC has been aware of FB's depth and breadth is naive. Things are, from that POV, exactly how they're supposed to be.