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Sure, I agree, but so far unregulated capitalism served only those companies and nations that already had market advantage. Forcing "liberal" economic changes i
by gerland 6y ago
Sure, I agree, but so far unregulated capitalism served only those companies and nations that already had market advantage. Forcing "liberal" economic changes in South and Latin America caused their markets to crumble under global competition. You always have to regulate markets somehow. The anti-monopoly laws are an example of just that. Now let's ask ourselves how is a monopoly in a certain area of information brokerage any different? I think classical media gave a very good example of what should be avoided and we have to remember that those actually split the domain between themselves. In the case of internet giants it is often a division based on functionality, so each player owns almost a monopoly of one form of expression. YT Twitter and Reddit are the prime examples. Those three altogether cover almost all of meanigful ways of communication. Most of what's left is just too short, shallow and spreads not that well. Ok, there is still Facebook et al, but you will probably share content created on those 3 big platforms anyway. This is not a game. This is a breach of trust on an unprecedented level and is a direct threat to the future of humankind.