There’s a huge censorship debate raging in the UK this week.

Gary Lineker who has ~4m viewers on his TV show and 9m followers on Twitter, has basically been deplatformed by the BBC and asked to sign a new contract that bans him from making political statements on Twitter.

He very publicly compared the government’s new immigration policy to 1930’s Germany, as illegal immigrants can no longer claim asylum here. Can only come in legally through channels that some European governments typically admin bottleneck by design.

I believe Lineker has some Ukrainian refugees living at his house under some program to support refugees fleeing the war. Not 100% sure what the program is.

Government have said his platform is provided by public funds and therefore he must be impartial. Can’t use public funds for things that boost one political party over others.

It’s basically a big mess.

Lots of contradictions because of a media landscape that is ill-conceived and has emerged haphazardly.

nostr fixes this. 😂

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I think impartiality applies to all outlets. So long as he has a contract that stipulates how he's to behave in public life, then he has to abide by that agreement. Props to him, because I'd just leave the bbc and continue on my fight. Twitter couldn't ban him, if it did then that would be like on a Trump esq scale for people in the UK.

It’s one of those big stories that buries everything else, the whole sports reporting industry has effectively gone on strike in support of Lineker.

Lots of complex scandals are also being rushed into print at the moment, the SVB contagion is fairly buried and that gives more scope for janky announcements around SVB.

Didn't UK say they were going to extend help beyond the £85k limit for SVB's UK subsidiary?

To be fair, SVB is an important lessons banks and just how social media can cause major problems if the narrative is not controlled.

They obviously paid no attention to CZ and FTX, how in the space of 2 days, SBF went from Sam BankMan Fried to Sam BankMan Fraud.

SVB wasn't in bad shape, there aren't many institutions right now that do not unrealised losses if taken marked to market (I'd hate to look at insurers right now). But now with the ability to move deposits almost instantaneously a situation can get out of hand real quickly if left unabated.

The bank has more than enough assets to cover depositors if all assets were liquidated today. Just a shame, it has played out like this as it puts business operations at risk.

Raising the insurance limit to unlimited, whilst the bankruptcy is unravelled is a very easy way to stop contagion.

This is effectively bailing out depositors and not creditors.

This is what we should have done in 2008 instead of ZIRP and a decade of lost productivity.

But yes, CB’s are often blindsided by things because they come from new angles and recent innovations and not the tedious old institutions where regulators spend 98% of their time.

The government's argument tough is correct. And a cautionary tale that confirms what we anti-government types insist on saying all the time.

The solution to government corruption is not more government, but LESS.

BBC->Twitter is a strange one here too, because quite a few people have held prominent front of camera roles at BBC whilst earning £1-400k public salary, but have built up 1-10m audiences on Twitter on the side.

BBC is weird because it is financed by a tax. Every household in UK pays £150? TV tax that goes directly to fund the BBC.

So we have this conveyor belt of tax funded fame.

It’s starting to look very messy.

Yeah, and I'm aware of the fact that for decades the BBC has been considered a model TV, internationally.

Which really in my opinion only illustrates the case that the moral hazard of government funding (taxes redirected politically) is inherent and unavoidable.

Nice summary. Thanks.