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by jwalton 1927 days ago
Seems like the US didn’t enforce antitrust laws and allowed YouTube to grow into a monstrous monopoly, because they wanted Internet revenues to all flow into America rather than into a variety of companies, some of which might end up not being American if YouTube was split up. Seems like a pretty bad deal for literally everyone.
1 comments
xiphias2 1927 days ago
Why? It makes sense for US citizens. Why would they kill their own golden goose instead of taxing it?
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jwalton 1926 days ago
Only if you think the horrific damage done to American democracy by Facebook and friends was more than offset by a little extra tax revenue.
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xiphias2 1926 days ago
I think the damage to democracy is done by low interest rates (QE). US was lucky to not be affected by wars and hate for a long time, but they existed before tech companies, like Facebook, especially when the financial system was centralized and corrupt.
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