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I wonder if the existence of such giant monopolies is more of a symptom or result of a non-functioning capitalist system. The world, at least the western worl
by ThinkBeat 6y ago
I wonder if the existence of such giant monopolies
is more of a symptom or result of a non-functioning
capitalist system.
The world, at least the western world, desperately needs viable mature competition not based in the US.
I would go so far as to say not having it is a real problem for democracy and maybe even go as far as it being an issue of national security.
With the close ties between intelligence services and social media in the US, it is a problem for the US, but certaily more outside. However it is a challenge to avoid 5 eyes.
Less conspiracies, two rich and powerful persons in the US can decide what information is permissible in an election and what is not.
This would not matter much, if there were at least 10 different healthy competitors with at least a few million users.
Hopefully being more distributed also internationally, it would be unlikely that each leader would make the same decisions.
Like newspapers, they can suppress a story, but another newspaper might go with it.
Sadly in the US, the mass death of newspapers often means that a region / city /state might only have one newspaper in a monopoly situation.
I do not know if the state injecting billions can get to where we need to be.
- lotsofpulp 6y ago> I wonder if the existence of such giant monopolies is more of a symptom or result of a non-functioning capitalist system. I think it’s a simple confluence of the US having many English speaking people with lots of money, plus English is spoken worldwide, plus labor is readily available in the US. There exists buyers, labor supply, and the inherent ability for software to scale with very low marginal costs means targeting the US market results in a higher probability of success. Once you can grab the rich US market, you now have the momentum to grab other markets, and being first is more important than being better where network effects are in play.