Giant companies are the security holes of capitalism. The more centralized industries get, the more they attract socialist political activists. The Bolshevik Revolution was a violent version of this vs. railroad stations, newspapers, etc. Now activism is focused on tech giants.
-
-
Replying to @NickSzabo4
Capitalism would provide security and competition, but just as with unions these big corporations only exist as a result of violence backed government favor. The socialists sense a real problem - corruption, but their solution is more corruption and government power.
3 replies 1 retweet 52 likes -
What is the barrier to entry to compete with Facebook, Twitter, YouTube... Can we really blame the state here? Isnt the network effect more significant?
6 replies 0 retweets 14 likes -
Metcalfe’s and Reed's Laws make, naturally, room only for a few giant companies more powerful than governments. Scary and unavoidable...but, as Bitcoin is showing, distributed knowledge - Hayek notion - we could be able to take back our freedom
1 reply 1 retweet 5 likes -
This is also my reasoning. Which contradicts my perhaps (yes) naive understanding of Austrian economics, that monopoly can only exist with government.
1 reply 0 retweets 1 like
Guess what, we have governments.
-
-
0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.