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Put more succinctly then: when a platform/technology becomes so successful that's used by a lot of people and/or other businesses built and depend on it, it (ev
by cm277 6y ago
Put more succinctly then: when a platform/technology becomes so successful that's used by a lot of people and/or other businesses built and depend on it, it (eventually) has to be regulated. If the prize of success is monopoly (as per Thiel), the price of success must be regulation.
- BlueTemplar 6y agoIndeed. But with platforms being privately owned and centralized, the scale at which they start being problematic is fairly small. The likes of Facebook/Twitter/YouTube have blown past this limit a long time ago. At this point it's too late for regulation. You can't effectively break them down. Nationalizing them is pretty much unfeasible since they have so many international users. So the only solution left seems to be to shut them down completely, and let the competition do their job (it won't take long, considering Internet timescales). But maybe before consider what kind of regulations these competitors will have to live under. (Maybe a built-in time limit before they are shut down in turn, and the cycle starts all over again ?)
- giantg2 6y agoIf it's a monopoly, it should be broken apart. This could reduce or remove the need for regulation. Although maybe not in cases like this - protecting ignorant people from themselves because they can't think for themselves or fact check social media information. I'm not sure these problems can be regulated away either.