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These companies aren’t facing competition though. They are too big financially to begin with but also they depend on network effects which grant them further ba
by throwawaysea 6y ago
These companies aren’t facing competition though. They are too big financially to begin with but also they depend on network effects which grant them further barriers to competition (like the Visa-MasterCard duopoly). Consider as well that they have more users than almost any nation and exercise influence comparable to governments as a result.
The right fix is to split them up with revised and enforced antitrust law. And where they can’t be split up they should be regulated or nationalized so that they uphold the first amendment. After all, they operate the new digital public town square and the fact that the government has outsourced our spaces for speech to private industry shouldn’t mean that we suddenly lose our fundamental rights.