Social Media: The Foundation of the Modern World

Social Media Benefits Economy

Heavily intertwined with global economy

"likes and social graphs are data sets" (Gehl)

These data sets easily help advertise to millions

Facebook worth half trillion dollars b/c it's good at data collecting (Magdrial)

"economy cannot exist without working phones" (Shirky)

Social Media Harms Economy

Damages world economy

$210 billion in the US b/c of depression (Shensa et. al)

$1 trillion annually for depression b/c of social media (Jezard)

Public Can Use Social Media to Effect Political Change

Joseph Estrada being convicted (Shirky)

social media used to organize rallies to try to more effectively affect politics (Loader et. al)

rallies only attainable through relationships built through social media (Chayko)

Authoritarian Regimes are also Capable of Effectively Using Social Media Politically or to Stunt Change

government easily manipulates web (Shirky)

Censorship

public access to internet may strength the regime people hate