Re:TikTok preparing for U.S. shut-off on Sunday
by Workaccount2 on Wednesday January 15, 2025 @10:22AM
(#42711864)
In the free market the monopoly buys out the competitors. No need for banning. Shareholders, the embodiment of greed, will just follow the money.
Re:TikTok preparing for U.S. shut-off on Sunday
by spencerflem on Wednesday January 15, 2025 @11:11AM
(#42712719)
In a free market, there are monopolies, by definition.
If you're saying that capitalists will inevitably contort a free market to an unfree one, via whatever means (often mergers) then we agree.
IMO. a common misconception is that allowing all mergers is a "free market" policy when it is not
Re:TikTok preparing for U.S. shut-off on Sunday
by spencerflem on Wednesday January 15, 2025 @01:20PM
(#42714858)
are no monopolies*
Re:TikTok preparing for U.S. shut-off on Sunday
by lolinder on Wednesday January 15, 2025 @09:22AM
(#42711049)
They're strictly not equivalent—yours believes the US has a substantial amount of control over Facebook, mine does not. I can't change your belief, but I can draw a distinction between our beliefs.
It shows a point I like to bring up often that Capitalism and The Free Market are directly opposed. What capital (a fancy word for shareholders) want is an infinite money machine and that is easiest with a monopoly. Hence, banning a competitor that's doing too well in the free market.
To the other part, I consider your 3 and my 2 the same, the US doesn't want us getting Chinese info and has their own perfered sources instead.