The EU’s 2022 Digital Services Act (DSA) requires large online platforms to assess and mitigate risks to various vaguely-defined and contestable values, including fundamental rights; public health and security; civic discourse; and people’s mental and physical wellbeing. The scope of these provisions is thus incredibly broad and they have unsurprisingly attracted significant academic interest. So far, most scholarship has taken a broadly functionalist approach: it accepts the basic premise that certain social impacts of platforms constitute risks which must be managed, and evaluates the DSA’s capacity to achieve this ‘effectively’.
In contrast, this article aims to step back and critically reflect on the underlying conceptual and institutional framework of systemic risk management, based on an explicitly social constructionist understanding of risk as a technology of governance shaped by competing political agendas. Drawing on critical literature on risk regulation from various disciplines and regulatory fields, it identifies two key themes. First, discursively framing political problems as risks tends to exclude issues less amenable to the ‘risk’ framing; to privilege technocratic expertise; and to depoliticise distributive and ideological conflicts. Second, the DSA’s institutional approach to risk regulation delegates primary responsibility for identifying and managing risks to regulated companies, creating well-documented risks of capture. Overall, both themes point to similar conclusions: the systemic risk framework will be highly favourable to the interests of the powerful multinational corporations it seeks to regulate.
In conclusion, however, the article notes that platform regulation may pose distinctive challenges that are not well illuminated by scholarship on risk regulation in other fields – notably because of the widely-recognised possibilities for political abuse of more prescriptive regulation of online media. It suggests some avenues for further research into risk politics in the specific context of online media platforms, in particular drawing on scholarship on risk management in critical security studies.