The transcripts of the official inquiry into the culture, practices and ethics of the press. More…

I think that's part of it. Obviously a lot of it starts in America, so she -- most of the companies start in America anyway and they have the advantage of the First Amendment protections, but you can see a situation now where countries like Sweden and Ireland are actually pushing the fact that they have a regulatory and legal environment which is favourable to social media enterprises, and Britain will be at a competitive disadvantage if we have laws that penalise the networked businesses of the future in such a way that they are responsible for what thousands of their customers do.

So it's equivalent to making phone companies responsible for what people say on the phone, so I don't think that's a healthy or sensible way to proceed.

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