Tech

Developing the tools to regulate the Information Age

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Overview

The Information Revolution of the past 30 years has wrought the most dramatic economic and social transformation since industrialization. Its products, services, and infrastructure mediate the transaction of most commerce, the dissemination of most ideas, and an increasing share of human interactions.

As with any wave of technological progress, these changes bring enormous benefits in efficiency and flexibility. And perhaps the costs are less obvious than during the early years of industrialization, when adults saw not only their life expectancy, but also their wages and their heights decline while children came to account for half of textile workers and a third of coal miners. Still, the costs are real. Our attention spans are getting shorter, and our children have nearly unlimited access to hardcore pornography and addictive social media. A new form of economic precarity has taken root all around us, as “gig” platforms attempt to convert stable jobs into on-demand temp work. Investors snap up real estate in residential neighborhoods to list online as hotel rooms.

It is no longer 1995. America adopted a spirit of so-called “permissionless innovation” in the Internet’s early years, when the footprint of digital technologies was small, the pace of change rapid, and the contours of what might emerge not yet apparent. But cutting-edge innovations have matured into the world’s most valuable corporations, and policymakers must begin grappling with the resulting challenges, which extend far beyond the free speech and market concentration concerns associated with debates over “Big Tech.” Someday, Americans will contemplate the ungoverned days of the Information Revolution as incredulously as they look back at the early decades of the Industrial Revolution. Children did what?!

At American Compass, we work to understand the novel challenges presented by the digital age and the shortcomings of the regulatory frameworks devised in and for prior eras. We develop new approaches for governing the technology of today.

The Lost in the Super Market collection examines three ways that modern technology has eliminated market frictions and extended the market mechanism in new directions, sweeping aside traditional institutions and relationships. Experts discuss reasons for optimism and concern about Frictionless Exchange in the labor market, the Attention Economy, and All-Knowing Algorithms. The statement on Five Principles of Tech Governance proposes a set of imperatives from which policymakers should work.

We have focused particular attention on the issue of protecting children online. Protecting Children from Social Media, published in National Affairs, draws an analogy between current debates about social media and those early in the 20th century over child labor. A range of economic interests and ideological commitments stand arrayed against what should be a fundamental concern for the well-being of children. Rather than worry about implications for “growth” and “innovation,” American policymakers should focus on preserving an appropriate environment for children’s development, for instance by creating an easy mechanism for Online Age Verification.

Start Here
6/22/2021
Five Principles of Tech Governance

The time has come to take stock of the Information Era and to govern it.

Featured Content

Browse all content in the Tech library

Collections

Frictionless Exchange: A Primer

6/1/2021

What happens to markets as the digital age improves their efficiency and introduces them to new domains?

Lost in the Super Market

6/1/2021

Navigating the Digital Age

The Attention Economy: A Primer

6/1/2021

What happens to media as the digital age enhances their ability to engage consumers?

All-Knowing Algorithms: A Primer

6/1/2021

What happens to personal data as the digital age deepens their quality, widens their availability, and creates new uses for them?

Policy Proposals

Policy Brief: An Online Age-Verification System

9/28/2022

Congress should create a publicly provided online age verification system that would allow any person to privately and securely demonstrate their age online.

Protecting Children from Social Media

3/21/2022 Chris Griswold

American Compass policy director explores policy options to protect children online with the same vigor that we protect them in the real world.

Five Principles of Tech Governance

6/22/2021

The time has come to take stock of the Information Era and to govern it.

Essays

We Peasants of the Metaverse

6/10/2022 Brad Littlejohn

As we are belatedly coming to realize, online territory must be regulated—by people, not merely by economic laws or algorithms—but we have no idea how or by whom.

Protecting Children from Social Media

3/21/2022 Chris Griswold

American Compass policy director explores policy options to protect children online with the same vigor that we protect them in the real world.

Foreword: Governing After a Revolution

6/1/2021 Oren Cass

The biggest tech challenges for policymakers go far beyond “Big Tech.”

Conversations

An Early Conservative Victory in the War on Big Tech

10/3/2022 Wells King

American Compass research director Wells King discusses a promising conservative bill to rein in Big Tech’s monopoly power.

Policy in Brief: Online Age Verification

9/28/2022

On this episode of Policy in Brief, Oren Cass is joined by Chris Griswold to discuss a proposal to create an online age-verification system to keep kids safe online.

Saving Kids from Big Tech with Chris Griswold

6/21/2022

American Compass policy director Chris Griswold discusses the historical parallels between child labor in the 19th century and kids’ use of social media today, and suggests steps that policymakers can take to protect them from its harms.

Frictionless Exchange: Author Discussion

6/1/2021

Wingham Rowan (Modern Markets for All) and Neil Chilson (Charles Koch Institute) discuss the advent of frictionless exchange with Wells King (American Compass).

Attention Economy: Author Discussion

6/2/2021

Matthew Crawford (UVA’s Institute for Advanced Studies in Culture) and Peter Suderman (Reason) discuss the ramifications of the “Attention Economy” with Wells King (American Compass).

All-Knowing Algorithms: Author Discussion

6/3/2021

Alec Stapp (Progressive Policy Institute) and Wells King (American Compass) discuss the implications of “All-Knowing Algorithms” with Oren Cass.

Commentary

Brave New Regulation

6/10/2022 Oren Cass

Silicon Valley’s techno-optimists insist loudly on two contradictory points. On one hand, they celebrate the Internet and its associated innovations with phrases like “paradigm shift” and “creative destruction,” and celebrate themselves as the visionaries leading humanity into (unironically) a Brave New World. On the other, they reject the need for new public regulation, insisting that the legal frameworks of past eras are perfectly adequate to the task. Both cannot be true.

Curtailing Big Tech Requires Much More Than Breaking It Up

6/1/2021 Oren Cass

American Compass executive director Oren Cass makes the case for disaggregating the Big Tech debate and giving greater focus to the digital age’s novel challenges.

The Bully Platform

5/6/2021 Jonathan Askonas

While it falls short as an analysis of present-day American monopoly policy, Senator Hawley’s latest book constitutes a spirited, even landmark, political statement and call-to-arms for a deeper shift towards vigorous republicanism in the American conservative movement.

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