Element (Matrix chat app) suspended from the Google Play Store

Re:Element (Matrix chat app) suspended from the Google Play ... by varispeed on Sunday January 31, 2021 @07:37AM (#25978352)

This principle should be applied to all sectors. Basically capitalism is still young and we didn't have situations in the past were small companies could consolidate indefinitely so that they can at some point get so big they have more money than some countries. I think there should be a cap that beyond certain point company will have to be divided, so we never get companies too big to fail and being able to afford buying law to suit them.

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Re:Element (Matrix chat app) suspended from the Google Play ... by codeisawesome on Sunday January 31, 2021 @09:00AM (#25978856)

I’m somewhat certain that the east India company, the VOC etc., had wealth surpassing many countries by the time their consolidation activities reached their peak, though. This isn’t a new phenomenon I don’t think.

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Re:Element (Matrix chat app) suspended from the Google Play ... by whakim on Sunday January 31, 2021 @10:47AM (#25979619)

Yeah, but those companies were de facto monopolies created by their governments. When they no longer served their purposes, those governments stepped in, defanged them, and took over their operations. Those companies may have been larger in terms of net worth, but their relationship to government was fundamentally different.

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Re:Element (Matrix chat app) suspended from the Google Play ... by varispeed on Sunday January 31, 2021 @07:24PM (#25984131)

This was more like a state sanctioned oligarchy, whereas this loophole kind of gives anyone a chance to start EIC if they find a niche, exploit and then expand. Beyond certain point you buy laws so that nobody else can copy your steps. Rinse and repeat. This should be stopped.

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