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Hundreds of millions of people use it. That something happens to be under some control of private interests, doesn't make it necessarily a private thing. To th
by jasmer 4y ago
Hundreds of millions of people use it. That something happens to be under some control of private interests, doesn't make it necessarily a private thing.
To the extent that something is in the commons, well it's public. At least newsworthy and much more.
The Federal Reserve is privately owned but we don't treat it like some rando llc.
- perryizgr8 4y ago> be under some control of private interests, doesn't make it necessarily a private thing. It does actually, by definition.
- jasmer 4y agoYour are confusing 'legal ownership of assets' with control, influence and power. It's difficult because the former perspective is more formal than the later, but really, it's not at all. In 1900 if your home was burning down, the firemen would only come if you paid a specific firehouse for insurance. If they were fighting a different fire, or if you didn't pay - then your place burns down. Even if all the firefighters are doing nothing. And your house will probably cause a bunch of other fires, creating viral destruction. Obviously this is completely stupid. So we socialized it, and even with 'government inefficiencies' it still has better outcomes than the former scenario. TikTok is a 'private company' until we decide it's not. There are externalizes in everything. If you want multi-generational asset permanence, you can stick to property ownership.