Hold on now - Google still provides immense value.
And what does it cost?
Nothing.
The 'consumer surplus' value of G and FB are quite immense.
Google captures a tiny fraction of the value they create via ads.
What would Canada do without Google?
There is no Google here.
If we started with with 'government backing' it would be a s-show.
I understand about the issue from taxation perspective etc. - but let's not throw the baby out with the bathwater.
Google has a high degree of utility and FB does as well for many individuals.
Some jiggering with tax and investment laws might help, but on the whole, this is a 'good thing'.
Twitter. Well ... America can keep that :):):)
Absolutely. But so does Baidu. And while doing so, Baidu provides jobs and tax revenue in China with little national security risk for China. And at the same time Baidu creates thousands of extremely skilled Chinese software engineers.
For instance, you can invent a new category in order to avoid detaining people like criminals or war enemies if none of the laws applying to those are convenient.
It does make me wonder what they'd use for justification - prior to the current administration. The current administration would just use nationalism and protectionism, I'd think. I'm not sure how the previous administration would have framed it in order to make it politically feasible.
There were services that came before, but they lacked the inertia the current incumbents have. The userbase of Facebook, Google, etc. is huge in the Western world. Even if another company came along and built a great service, I doubt it would see mass adoption due to the massive numbers involved with the current providers.
Banning Facebook would actually give a boost to their productivity, not much to lose there.
https://en.m.wikipedia.org/wiki/Websites_blocked_in_mainland...
Google, facebook, instagram, twitter etc. Those are one-way streets that provide next to no jobs, little tech transfer and no tax revenue to the countries they do business in, but tend to outcompete the local rivals if left to it, and are proven to provide a convenient surveillance platform for American intelligence.
It's surprising that any country would allow that to continue unchecked. The Chinese solution is certainly not great but I doubt the US would allow Chinese companies to keep a daily log on the activities of most US citizens and businesses. Or to replace entire industries like advertising without providing jobs or taxes in return.