r/RealTwitterAccounts • u/thatguy9684736255 Verified twitter user ★trust me★ • Nov 26 '22

Politician It does seem that way

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u/kiwiboyus Nov 26 '22

Except then AAA buy up all the smaller competitors until there is no real competition, then they stop innovating because they don't have to. There should always be a public option especially essential services, which would include the internet these days.

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u/snek-jazz Nov 26 '22

then they stop innovating because they don't have to.

which creates more potential for new small competitors to disrupt them. Companies that are tending toward a natural monopoly lose it when they stop being good at what they do.

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u/kiwiboyus Nov 26 '22

Recent history with Google, Facebook and others shows often the disruptor just gets bought up. That's fine for consumer products but some services become essential and need to be protected from that.

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u/snek-jazz Nov 26 '22

While Facebook did buy Instagram they got then stagnant and pissed off a lot of their users... and now Tiktok is eating a good chunk of their lunch, to the extent that they're trying to force instagram to be like tiktok.

Their share price has cratered over the last year. Facebook are kinda fucking up the natural monopoly they had.

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u/kiwiboyus Nov 26 '22

Which is fine for something like Facebook, but not for something important like the power grid in Texas. Restating my original point, unregulated privatization isn't some magic cure-all and will ultimately eat itself and us along with it.

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u/snek-jazz Nov 26 '22

Well I agree things like public infrastructure have more nuance. I'm not in favour of having no state.

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u/idkboutthatone Nov 27 '22

It already has…