3 ms·
The one big issue you're ignoring here is that the effective monopolization of various industries is opening the door to governmental action without the necessi
by rjf72 8y ago
The one big issue you're ignoring here is that the effective monopolization of various industries is opening the door to governmental action without the necessity of law. Consider something like Visa and Mastercard both deciding to block donations to Wikileaks. Was this an organic action or was it the government aiming to attack perceived enemies by exerting their clout behind the scenes? It needn't be some grand or secretive action by the government either. Imagine a single individual, perhaps a senator or an influential former secretary of state, phones up Mastercard's chair and simply tells him they'd be quite grateful if Mastercard would cut transactions to Wikileaks. What are they going to do?
This is the big problem with both the massive scale of certain businesses, their extensive interweaving with government, and of course monopolization.
- pryce 8y agoI do think that's a very important problem, and yes I agree it is more than likely the US Government was responsible for that. In cases like that I think the government should be dutybound to make its actions public. It's possible the govt announced it at the time, but if so then I am unaware.