The word "oversight" has become a brilliant word game for fascists to disguise advocacy for censorship.
No, saying racist bullshit on Facebook isn't the same thing as Nazis marching in a park in a small town in Illinois in 1977 - that part the totalitarians get right.
The difference is that the power of social media means that it needs to be more free, not less.
There are a million parks in this country where you can stand on a soapbox and express yourself. There's only one Facebook. There's only one Twitter.
Having a private company with that much power over what people can say is enough of a problem.
Advocating for the government to get involved isn't just worse - it's also blatantly immoral and illegal.