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by Distozion
1376 days ago
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I'm not arguing that tech giants shouldn't run the risk of becoming public utilities - after all, quite a lot of their success could be attributed to utilising public resources, either directly or indirectly (user data, monopolistic approach to business, lack of relevant regulation at the time they were in their explosive growth periods, etc). I could even see it as a potential way to balance public and private interests - if you try to consolidate too much - you run the risk of losing your private status and becomes a mix of private/public company, where some of the protections afforded to private businesses no longer apply. There have been examples of these things happening, notably how railway became so dominant around the world that governments intervened and nationalised them. There's no way of knowing how long the current tech giant status quo will last - will it get worse or will they get slapped down. |
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