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by dpeterson 2214 days ago
Libertarian leaning myself, sad to say, this is the first time I am now in full realization that monopolies do in fact exist and are very dangerous. Platforms like Youtube are beyond ubiquitous and we all depend on them. The companies behind them have more money than countries. That, combined with the tax free private foundations their founders nearly all have, is taking us down some very bad roads. Of course, those roads are always paved with the best intentions and for our own good. I think it is well past time government step in and limit the power and control mega corporations flex on their platforms and on our public policy in nearly all matters.
2 comments

> Libertarian leaning myself, sad to say, this is the first time I am now in full realization that monopolies do in fact exist and are very dangerous.

YouTube is not a monopoly. There are other websites where you can post or watch video. Not as many people choose to use them, but you're not entitled to their attention anyway.

Existence of competition doesn't stop courts from considering a company to be a monopoly. You could have used a Mac and Netscape in the 90s, but the US went after Microsoft anyway.
On top of that, you have to realize that these countries (YT, Google, Facebook, Twitter, etc) are completely obedient to the government of China. Not because it's their biggest market, but because China will shut them out if they don't toe the line. Whereas the US and Europe have never indicated a willingness to sanction these companies no matter what. It's a tyranny of the minority.
Literally every one of those sites is blocked in China...