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A "democracy by exit" is not a kind of democracy. There are plenty of horribly undemocratic countries where people don't need exit visas to leave. Likewise, wh

A "democracy by exit" is not a kind of democracy. There are plenty of horribly undemocratic countries where people don't need exit visas to leave. Likewise, when corporations become too powerful and monopolistic, they are technically "democracies by exit." But, much like some countries, they are not democratic in the important sense. When such companies exercise too much power, most ordinary people do not have any control over the forces that most significantly impact their lives. And it is this sort of distributed control which makes a system democratic or undemocratic.

dumbass123 7y ago
> There are plenty of horribly undemocratic countries where people don't need exit visas to leave I have no idea what you're trying to say with this. Just because you don't need an exit visa to leave doesn't mean other countries will just take you in.... That's why you have refugee crises. You're going off on a completely different tangent. When corporations become too powerful and monopolistic then it's the government's job to break them up and preserve competition. We're specifically talking about Libra right now. Libra will have competition with the US Dollar. Unless you're suggesting Libra will become so powerful as to replace the US Dollar...then your point is completely invalid. Additionally, if Libra is extremely successful, you can almost certainly bet that other companies will come out with their own digital currency.