Message from @Tom_Servo

Discord ID: 479606772663844876


2018-08-16 10:58:21 UTC  

Dont get me wrong Alex Jones is a warped douchebag

2018-08-16 10:58:46 UTC  

but should private companies have that kind of power...

2018-08-16 11:00:20 UTC  

@Tom_Servo I agree, and it is still tricky to me. We want private companies to have their own voice, but we don't want them to have the only voice.

2018-08-16 11:00:37 UTC  

same thing happened to the Guptas here

2018-08-16 11:00:46 UTC  

how did all the banks find the same thing at the same time

2018-08-16 11:00:57 UTC  

or colluding with each other which restricts free market

2018-08-16 11:01:22 UTC  

that was an orchestrated move... and we are all fine with it because it serves our purpose.... but pvt companies often need to be regulated

2018-08-16 11:01:38 UTC  

@Tom_Servo Yes, they should. But only if the market gave it to them. If they receive protection from the state, then no. The Guptas received state protection. Alex Jones is hated by the state.

2018-08-16 11:02:06 UTC  

The banks are only private in name. They're not actually private.

2018-08-16 11:02:24 UTC  

@Roovdwalt isn't collusion or monopoly the inevitable outcome of successful capitalism.

2018-08-16 11:02:26 UTC  

?

2018-08-16 11:03:00 UTC  

hence regulations start coming into play?

2018-08-16 11:03:01 UTC  

I am against regulating private companies, I do not want to stop innovation. But I agree that power can get to their heads and if there is a way to have them free without them colluding, I am all ears.

2018-08-16 11:03:01 UTC  

@Tom_Servo where are you from

2018-08-16 11:03:09 UTC  

Collusion can happen in a free market, but it's hard to say since we don't have free markets in the free sense.

2018-08-16 11:03:42 UTC  

Monopolies can only exist when the state prvoides protection. Monopolies can't exist in a free market.

2018-08-16 11:04:34 UTC  

@Tom_Servo Private companies are regulated by the market and don't require state regulation.

2018-08-16 11:05:29 UTC  

@Jerm In the technological world that no longer holds true

2018-08-16 11:05:57 UTC  

huge amounts of capital investment have made it impossible to disrupt the existing "production" means

2018-08-16 11:05:58 UTC  

Give an example, @Tom_Servo

2018-08-16 11:06:05 UTC  

facebook

2018-08-16 11:06:13 UTC  

Facebook is protected by the state.

2018-08-16 11:06:21 UTC  

not here

2018-08-16 11:06:26 UTC  

Everywhere.

2018-08-16 11:06:49 UTC  

how

2018-08-16 11:07:09 UTC  

Let's go back a few steps, to keep clarity.

2018-08-16 11:07:32 UTC  

"huge amounts of capital investment have made it impossible to disrupt the existing "production" means"

Where did the huge amount of investments come from? And why did they happen?

2018-08-16 11:08:12 UTC  

IPO

2018-08-16 11:08:18 UTC  

free market

2018-08-16 11:09:41 UTC  

And why did they invest?

2018-08-16 11:09:53 UTC  

I havent polled every investor

2018-08-16 11:10:02 UTC  

but I assume they saw value in the company

2018-08-16 11:10:14 UTC  

The answer is because it looked like a good investment because it is a good product.

2018-08-16 11:10:21 UTC  

correct

2018-08-16 11:11:09 UTC  

So, now they get lots of investment and people go "no, we need to stop that because now they're too big".

No. Compete. Create a new product that will take it down.

2018-08-16 11:11:42 UTC  

so Alex Jones should do that?

2018-08-16 11:11:49 UTC  

is that a realistic comment?

2018-08-16 11:12:01 UTC  

this is the grey area I am talking about

2018-08-16 11:12:06 UTC  

Apple was almost bankrupt in the 90s. Microsoft had 93% of the computing market. Apple then found a new way into the market. Apple is now sniffing 1 trillion dollars in value.

2018-08-16 11:12:14 UTC  

free market can result in some unintended consequences

2018-08-16 11:12:25 UTC  

in this case a situation where free speech is regulated by corporations