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That phrase does not mean what you think it means.
A few years ago this seemed a bit too extreme for me. Now, with the web mostly burned down anyway, I see little to lose and lots to gain in a section 230 repeal. My, how the Overton Window changes on some ideas. And when it's changing on some things it tends to accelerate on others too, like a social momentum on reconsidering past norms.
The main problem with 230 is that the courts have decided to treat it as if it removes all legal liability from online platforms, rather than just publisher liability. The way the text was written seems to be intended to protect platform operators from publisher liability but still have them under distributor liability. For example, if you own a bookstore and carry a book that says something defamatory, you can be held liable if you don't remove the book after being informed about its contents. However, a court case soon after 230 passed created the precedent that it absolves online platforms of all forms of liability. This means that if a platform knows it hosts illegal or defamatory content and doesn't take it down, they aren't liable and any legal cases against them will get thrown out due to 230. One of the authors of section 230 later said that "the judge-made law has drifted away from the original purpose of the statute."
Throwing the baby out with the bathwater?
I believe we need to strengthen 230, but with the added caveat that affected platform owners must stop gaming the algorithms, that it must require user-driven curation. Let me curate my own feed, stop shoving shit in front of my eyes. When you do so, you're making heavy editorial decisions, and should be open to liability.