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May 8, 2012 05:05 am

Dealing With the Eventual Collapse of Social Networks

taskforce writes "There are good reasons to think a web services like Facebook won't be around forever. If Facebook ever were to go down there would be potentially huge costs to its users. We can all take individual steps to protect our data and social network, but is there anything we can do to our economy to mitigate the costs of the failure of these services? The Red Rock looks at the role open source, open standards, consumer cooperatives, and enterprise reform can play. The author concludes that all is not lost, and that there's a lot we can do to reduce both the cost and frequency of failure."His suggestions are pretty radical: "The first is draw up an Open Data Bill and pass it into law. This would (where applicable) mandate the use of open standards by firms, and also mandate that all data held about a user is downloadable by that user, in an open standard. ... The second is to reform the corporate structure of larger companies to include some directors elected by consumers, rather than just shareholders. Not all the directors, like in the Cooperative Group, and not even a majority, but just a small portion of the board — say one third."

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