Politician’s Incentives Regarding Facebook

God I hope not but sounds plausible.

The Peltzman Model of Regulation and the Facebook Hearings – Marginal REVOLUTION

If you want understand the Facebook hearings it’s useful to think not about privacy or technology but about what politicians want. In the Peltzman model of regulation, politicians use regulation to tradeoff profits (wanted by firms) and lower prices (wanted by constituents) to maximize what politicians want, reelection.