I saw a lot of progressives turning into free market libertarians as soon as social media started censoring right wing opinions. Suddenly all I could see was “They’re a private company, they can do what they want!”
Couldn’t have said it better myself. The internet has essentially been in a wild west era since it was created, as the government has pretty much no laws or court decisions saying what information social companies can and can’t regulate. On top of that we’re in an era where the SEC happily rubber stamps every corporate merger under the sun. Now we’re seeing the consequences of that as a majority of information on the internet is controlled by a handful of companies. And on top of that, even if you want to make your “alternative” platform, that’s incredibly hard to do since services like web hosting and payment processing are also controlled by a handful of corporations.
Most major corporations have no business acquiring any other companies, and on top of that they need to be broken up. Just thinking of a few, Amazon owning Amazon shopping, AWS, Twitch, Ring, IMDb, and a fucking satellite internet company is ridiculous. The finance, energy, defense/aerospace, pharmaceutical/healthcare, and so many other industries are all guilty of this. Libertarians couldn’t be more right about one thing, competition benefits consumers, but for some reason the only thing US republicans and democrats can agree on is that we should never enforce anti-trust laws. And internet leftists, the people who you’d figure would be all for corporations being broken up, are silent on the issue. It’s infuriating to watch.
Couldn’t have said it better myself. The internet has essentially been in a wild west era since it was created, as the government has pretty much no laws or court decisions saying what information social companies can and can’t regulate. On top of that we’re in an era where the SEC happily rubber stamps every corporate merger under the sun. Now we’re seeing the consequences of that as a majority of information on the internet is controlled by a handful of companies. And on top of that, even if you want to make your “alternative” platform, that’s incredibly hard to do since services like web hosting and payment processing are also controlled by a handful of corporations.
Most major corporations have no business acquiring any other companies, and on top of that they need to be broken up. Just thinking of a few, Amazon owning Amazon shopping, AWS, Twitch, Ring, IMDb, and a fucking satellite internet company is ridiculous. The finance, energy, defense/aerospace, pharmaceutical/healthcare, and so many other industries are all guilty of this. Libertarians couldn’t be more right about one thing, competition benefits consumers, but for some reason the only thing US republicans and democrats can agree on is that we should never enforce anti-trust laws. And internet leftists, the people who you’d figure would be all for corporations being broken up, are silent on the issue. It’s infuriating to watch.