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I would prefer the market to be exerting that pressure. But big tech has done such a good job of erecting barriers to entry, while governmetns have done such a
by blowski 2y ago
I would prefer the market to be exerting that pressure. But big tech has done such a good job of erecting barriers to entry, while governmetns have done such a bad job of anti-monopoly regulation, that steps like this are now necessary.
- dangus 2y agoI think this idea of the market having the ability to be a benevolent force is so overplayed. It’s literally never been that way. The gilded age had to be ended by regulation just like the tech gilded age needs to be ended by regulation. The thing about the market is that it doesn’t care if people starve or if every company on the planet merges into a super conglomerate.