Personally, I find that a very fair deal and clearly other people do as well. I think it actually yields positive externalities because we get things that wouldn't exist otherwise because the transaction costs outweigh the value, but the transaction costs are an inherent cost and I don't want to levy them. Fortunately, Reddit gives me the ability to not levy them and to guarantee that I won't levy them.
In fact, this is part of the magic of Free Software: true freedom to use. Yes, Google can use so much work which was done and it doesn't have to pay any of it back to Torvalds or Greg Kroah-Hartman or even me for the minor changes I made to libraries. This is freedom. I prefer it. And fortunately the world is aligned in this direction.
I want to agree with you with 100%, but something is nagging at me a bit. Just like free software that ends up in a paid product and then winning or settling in court because the company has more resources to use the judicial system, when we apply this directly as a societal value this starts to break down in practice.
The freedom you are talking about ends up justifying (in practice) a situation that only provides real freedom for a small few that happened to take advantage early and use other asymmetries in society to consolidate control. Sure, we fix those we're all set! (maybe?)
But until then perhaps we can agree that as a society we expect (and might ask for, by law) a little something extra from companies that have benefitted to help ensure others after them have a chance to use this freedom as well.
My argument is not as well thought out at this point, I grant you. Thanks for providing me with a lot to think about.
I don't think most people understand how the content they post to Reddit is licensed.
I also understand that most apps make us sign our lives away, but if I don't (as in the Reddit case) and I actually have rights to the data I sure as heck don't want that data used ANYWAY to power more of this stuff.
Probably a gross overreaction, but it seems like an externality that we've kinda just accepted as society that I'd like to see change a bit.