Quote:
Originally Posted by itshotinvegas
This is accurate. It's not only about dispersing economic power per se. It's about competition. Consumers don't really have a choice which social media provider they use, this is largely due to the companies creating a moat, using anticompetitive behavior, rather than a superior service.
If every app company bans someone for whatever reason that seems more reasonable than a few companies deciding, as the consumer demand is what's going to determine it, not the company, i.e. competition, if healthy competition existed, it's unlikely one of them would turn down a controversial person unless that person has no appeal to a vast majority of consumers.
There's the rub with democracy that the left has an issue with, though, when its applied to economics and regulation. They don't want consumers (voters) to make the decision.
One problem is that it's fairly arbitrary. You're making an assumption about how a market should look like, lots of competitors, diffuse power, and then saying that when it's not like that it's anti competitive, but the logic of capitalism is that more efficient firms beat out less efficient ones and having a few competitors might serve the needs of a market more than having many competitors. Just look at Peter Thiel's book From
Zero to One. In it he talks about the goal of any business should be to be the only business in a market. Being a monopoly is how you make real money.
Take web hosting. AWS is a huge competitor because it can offer huge scale and amenities that would be very expensive and time consuming to do on a smaller scale. While someone might want content to be a main point of competition, for a huge amount of the online hosting services, it's not, because they're mostly in the confines of what's acceptable content wise so they're mainly concerned with technical abilities.
Or take Apple's App Store. The 30% cut and wall garden approach is now seen as anti competitive, but at its inception having Apple handle the payment system and locking down their app store to keep out malware and pop up ads was seen as a huge value add and they gobbled up a huge share of the market.
So it's not exactly clear how we're going to make competition happen or if we did that it would result in more speech.
Btw these aren't my opinions just ones I've heard against the Matt Stoller idea of economic organization
Last edited by Huehuecoyotl; 01-12-2021 at 12:28 PM.