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I don’t know enough about how Chinese censorship compares to capitalist censorship to have a fully-informed viewpoint, but seeing how easily reactionary content spreads on the internet and how active various propaganda mills are, I can certainly see a credible argument against only lightly regulating online spaces. I also get the feeling that a lot of “great firewall” talking points are rooted in the tradition of using free speech as a weapon against the left (it can be used as a weapon against the right, too, but the whole issue is much more complex than “free speech good”).