4 ms·
> You are right about the dangers of Tik-Tok but it would not be so dangerous if we had a healthy market here that could keep up with it. What do you mean by a
by xpe 4y ago
> You are right about the dangers of Tik-Tok but it would not be so dangerous if we had a healthy market here that could keep up with it.
What do you mean by a healthy market in this case? You mean social media, right? Facebook, YouTube, Instagram, NarcissisticScrollParade, etc? What is lacking? I don't mean from a historical particulars point of view (e.g. TikTok found a recipe that seems to work for now); I mean from a structural point of view. What properties of the _market_ are not functioning well?
And, to accept your premise for the sake of argument, who can revive the US social media market?
China pumps tremendous resources (money, connections, etc) into TikTok.
Are you suggesting that a "healthy market" is a good solution to a state sponsored competitor? By "healthy market" what do you mean? If you mean the "free market" as defined by many economists, then we need to recognize the well-known patterns of market failures. What market failures do you see?
Perhaps you recognize how nation-states can and do interfere with free markets quite effectively, at least from a nationalistic perspective? The US does it for agriculture. Since at least the Cold War, the US has poured resources (funding, careers) into mathematics and engineering for the benefit of American industry.
Let me know where you are coming from? I'm not trying to rehash underlying economic philosophies; we don't have to subscribe to the same economic theories. I'm interested in what you specifically think is happening and why.