❝❝First, let's acknowledge that almost no one becomes a billionaire without active government intervention. Whether it's a patent, the existence of a corporation, or the exclusive right to sell colored sugar water, you can't concentrate money on a large scale without government.

Second, money depends on movement. Money stuffed in a mattress is just lumpy nesting material. It's cashflow that makes economies work. Yes, that dingus sells for $350, but there is the raw material cost, the manufacturing costs, the overhead costs like salaries and government fees, and so on. Very few things have a profit margin of ten percent, and most are well under five. So that dingus sells for $350, but most likely it cost the company about $333 to make and distribute. Money has to circulate or there is no value anywhere.

Third, you can't overlook competition. Well, at least not without government suppressing it anyway. A company has to compete for employees, just as employees have to compete for jobs. Multiple employers mean better wages and benefits. Regionally, multiple employers means that a town or city is less subject to the whims of a single company or the demands of a single industry.

As far as there being too few jobs, that kicks into government intervention again. In a healthy economy, there will usually be more jobs than employees.

Fourth (and this is the really important bit), companies expand by providing better quality goods and services cheaper, faster, and with more distribution than the competition. This instability is the keystone to the whole process. If a company can't compete, it loses money. More accurately, resources (including employees) are freed to other companies.

Companies want shortcuts, so they lobby and change the law rather than create new products and services. If a large company can pull it off, it's usually much cheaper. Again, this is government intervention. Short of government protection and favor, the only way a company can stay in business is by being at least as good as it's competition.

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I should add that digital services and products throw a spanner in the works. On the one hand you have companies like Google offering "free services" by selling your data. On the other hand you have companies like Disney selling movies produced 25, 30 years ago for $20 a pop. We're still working out how all this will work in the long run.❞❞

NeoNotes are the selected comments that I made on other boards, in email, or in response to articles where I could not respond directly.

Tags: billionaire ∙ government intervention ∙ patent ∙ corporation ∙ exclusive right ∙ money ∙ movement of value ∙ cIrculate ∙ competition ∙ employees ∙ better wages and benefits ∙ healthy economy ∙ cheaper ∙ faster ∙ distribution ∙ lobby ∙ Disney ∙ Google

❝❝No, they are not monopolies.

When I sit down at a computer, I don't have to go through Facebook to check the weather or see what is happening at this site. If I wanted to message someone on my iPod or iPad, I don't have to use Twitter.

With AT&T, if you were in an area covered you had no choice. It was your regional Bell company and AT&T or nothing. The breakup fixed that, you could choose your phone company. And today, if I am not in range of the right cell tower, my phone still works as long as I am in range of a cell tower.

Facebook, Twitter, Google, Apple, all got big by offering something the competition did not have. No one was forced. Competition is the only way to reduce their hold. And the competition, like all competition, has to offer something more than "just as good as."

For a while, iOS and macOSX had software hooks so that Facebook and Twitter had easier access. That's no longer necessarily true, some of Apple's customers didn't want their data shared by companies that weren't trustworthy.

Government intervention is the last thing we need. There are already politicos who complain about "fake news" that isn't fake, it's just not what the politicos want you to think about. From the news in the last couple of days, it seems Twitter is going after conservative and libertarian users. Do we really want a world where government decides what may and may not be said?

Oh, one other thing. Monopolies rely on government support and intervention. Start regulating and you just planted a monopoly.

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I agree it's a mess.

To get a site, you have to register a domain name. Then you have to get server space. If you use a company like Wordpress, you agree to carry their ads on your site in exchange for a reduced rate or free use on their server space. If you go on your own, you find a web host (like MacHighway) and you have more control over the site and advertising.

Think of it like a storefront that you have to rent. Depending on the terms of the lease, that is how much service your "landlord" provides and how much you provide to your visitors.

If Twitter provides the ability to block people you don't like, I agree that it should be available to ALL users. But the platform is not public property. The "landlord" can block out who they want when they want. But they shouldn't be shielded from the consequences of their actions. They are liable if they provide different services and benefits to their users. If it's a "free" service, then all "free" users should have the same benefits as all other "free" users. The "landlord" can ban conservatives, but if they allow conservatives (or one specific high profile conservative), then that person should have the same rights and benefits.

ETA: The real question is if the platform should ban offensive content and how that should be defined.❞❞

NeoNotes are the selected comments that I made on other boards, in email, or in response to articles where I could not respond directly.

Tags: virtue signaling ∙ Facebook ∙ Twitter ∙ Apple ∙ server space ∙ Google ∙ iOS ∙ domain name ∙ macOSX ∙ competition ∙ government intervention ∙ fake news ∙ politicos ∙ conservative ∙ libertarian ∙ government ∙ Wordpress ∙ MacHighway ∙ lease ∙ offensive