In: Economics
The internet and online social media in particular are giving
people unprecedented ability to express their views and share
information with others. On the other hand the truth of what people
say online and the sheer volume of information are hard for most
people to handle. In Germany the government has introduced the Net
Enforcement Law which prohibits certain kinds of online speech
(e.g. incitement to hatred). Social media firms have 24 hours to
check and remove suspect posts reported by users or face huge
fines. Use the theories of market failure and government
intervention to explain the reasons for Germany’s new law.
Critically discuss potential problems with this intervention.
** I don't understand which part is positive / negative
externalities in production / consumption
1.In Germany Government introduced Net Enforcement Law in 1 January 2018 because of Most of Individuals user Do violation of law on internet, they Viral Combating hate speech and Also Germany Charge €50 millions to online platform/Social Media Platform they keep this contents on their server and after that they Germany Government introduce Net Enforcement Law to protect this type of violation, and made law they have delete Combating hate speech/Hatred and Extremism. content in 24 hours., to avoide these type of Law viloation which spread bad message on public about any entity or individual or government .
Discuss about Germany government intervention And Online platform Failure to Delete this contents on their server, as I mentioned because of that government intervention in this matter and create Net Enforcement Law which is ethical to protect public Rights of Germany and government rights. After this legislation implementation Germany, Public support it and found at this legislation is efficient and response to the threat of online Hatred and Extremism.
2. Discuss about Internet Positive and Negative consumption, Every coin have two side one is good and another is bad,
Same as internet consumption is good for world and also bad.,
With the help of internet world growth increase day to day, without internet it is not possible, with the internet within a second we can do work, internet is beneficial for individual or any firm for success and growth.,
Same opposite side of internet is it is a bad cause it can viral bad message, videos about country within a seconds, Also Misuser use internet to hacking site and money's,
As Product consumption of internet is positive, and beneficial for world and necessary for worldwide.