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> Previously, American stuff was just better and protectionism wasn't required Most profits from social media globally is still US businesses (Meta, Google, Sn
by vineyardmike 3y ago
> Previously, American stuff was just better and protectionism wasn't required
Most profits from social media globally is still US businesses (Meta, Google, Snap, etc).
> We're too weak to just beat them so we're forced to do this. But we still have to do it.
Completely agree, but...
Protectionism isn't always just to help local business succeed in the market place - sometimes it's strategic to ensure local skill exists (eg aerospace companies and nat'l defense), or some other similar localized outcome (eg. job creation, pride, etc). I think foreign companies controlling popular media distribution through an opaque and un-auditable algorithm is a propaganda and manipulation liability, so intervention is good. (obviously propaganda is still possible, just more localized).