Message from @Tom_Servo
Discord ID: 479607330389098511
The banks are only private in name. They're not actually private.
@Roovdwalt isn't collusion or monopoly the inevitable outcome of successful capitalism.
?
hence regulations start coming into play?
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.
@Tom_Servo where are you from
Collusion can happen in a free market, but it's hard to say since we don't have free markets in the free sense.
Monopolies can only exist when the state prvoides protection. Monopolies can't exist in a free market.
@Tom_Servo Private companies are regulated by the market and don't require state regulation.
huge amounts of capital investment have made it impossible to disrupt the existing "production" means
Give an example, @Tom_Servo
Facebook is protected by the state.
not here
Everywhere.
how
Let's go back a few steps, to keep clarity.
"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?
IPO
And why did they invest?
I havent polled every investor
but I assume they saw value in the company
The answer is because it looked like a good investment because it is a good product.
correct
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.
so Alex Jones should do that?
is that a realistic comment?
this is the grey area I am talking about
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.
free market can result in some unintended consequences
in this case a situation where free speech is regulated by corporations
dont get me wrong, still our best system by miles
My problem is that you cannot regulate "Bias", because we all have them, you like green I like blue, who decides which is right? If Facebook is left leaning, we cannot control that and we shouldn't be regulating them "to not be left leaning" what we should have is an honest mission from Facebook, describing their values and being open about it. If that is the case, people like Alex Jones knows the platform is not for them. Facebook should NOT be able to come after years of you being on the platform and say, sorry, we have changed and you are no longer welcome here.
Facebook has every right to censor him. It's not his platform.
so you are okay with censorship if it is corporate sponsored?
I think it's absurd to censor Alex Jones because it makes him more famous.
Well, a private company should be able to do what it likes, in that sense.
I don't like it.
But it is what it is.