Whoever Wins, We Lose.
There are some situations where one should hold both sides equally in comtempt, and that's pretty much the case here.
The social media companies with their pathological, self-serving disregard for privacy and users' interests have only themselves to blame for the results of arrogantly thinking they could get away with riding roughshod over everything and not have to justify themselves.
On the other side, there's the current authoritarian, right-wing government's knee-jerk being-seen-to-be-doing-something response dictating what should be done from a position of complete technical ignorance about how things work or what is possible. But what would you expect from the party that- quite contemptibly- announced "people in this country have had enough of experts" when it conflicted with their own dogma and self interest and bred Amber "Necessary Hashtags" Rudd?