What they lead to is

Broadly speaking, free markets endure.
It’s only when individual sectors are regulated and competition is squashed that monopolies truly occur.

Not true, Scale_e

No, it the State which is the danger to society, as it always has been, exercising its monopoly on power.

Massive corporations can be deadly too

In the absence of never-ending frontiers to expand into, monopolies will always be the natural endpoint of free markets

Give me an example of a monopoly, a true monopoly occurring, that wasn’t the result of the state shitting on competitors to that developing monopoly.

Especially since we don’t have democratic elections for CEO of Facebook

It’s ok. I’ll wait.

Scale_e, just about every large corporation in every sector

Any ladies here wanna discuss why they're so inferior to men? <:slurpgon:583424900732157956>

It's always the State, eliminating competition via barriers to entry and excessive costs burdening operation.

Not true

True

Absolutely true.

Very true

Imagine arguing about economy while your culture collapses from LGBT and islamic pressure.

*"Sure, my daughter gets raped, but at least I can buy a car every five years instead of seven."*

What barriers to entry have the state put in to soc-media, internet searching, hosting, car production

both cases are somewhat true

Core services should be open to all regardless of wealth

I can see a clear LGBT presence, but Islamic pressure? Don't be absurd. 50 years out, they'll still be 0.2% of the population.

And, yes, that is according to their current birth-rates.

That isn't accounting for declines in migration, either.

@Eccles None yet. But those sectors are very new.
If the government does nothing, eventually competition will rise and Facebook/google will fall. Or they’ll adapt.

That's just bollocks, Scale_e

Your attempts to evoke hysteria, leading to an inconsistent application of my principles, resorting to limiting self-organizing forces in my country by electing someone not far off from the fascist mark, isn't going to work on me, Tyche.

If, however m, the government steps in and regulates social media, we’ll be stuck with Facebook/google

I do not reject my self-regulatory values.

@Jeremy The Mexicans do.

As actors in any sector get larger with a bigger market share, the barriers to entry become higher by means of entropy, and the ability for the dominant player to crush them only grows

Cough *Myspace* cough

Better services came along

MySpace died

myspace existed before the widespread adoption of the internet

I don't see a problem with regulation in and of itself it is often that the people regulating are leftists and not only do they not understand economics they disregard them in the name of their greater goal

I'll second that, @Scale_e.

Better services will come along and Facebook will die.
Facebook is fucking *desperate* for big daddy government to step in because they know their days are numbered.

social media is a slightly unhelpful example because a single player being dominant is one of it's biggest selling point

They’re buying up every competitor that comes along in a desperate attempt to stave off extinction.

It’s going to happen.

Yes, all these better services than Facebook all lining up to take them down, lol