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Australian prime minister labels Elon Musk ‘an arrogant billionaire who thinks he is above the law’
(www.theguardian.com)
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Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.
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It might be better to legislate more power and enforcement capabilities to regulate social media companies. Many of them are close to monopolies in their niches and their network effects make competition almost impossible.
I do believe there are areas where it is more ethical and efficient for government to operate services (eg policing, public hospitals, emergency services, schools) but I don't believe social media is one of them.