Dylan Lawrence Moore Posted March 5, 2018 Posted March 5, 2018 Just kidding. I think sites like Steemit, Minds, Bitchute, DTube, and Gab.ai are going to annihilate Facebook, Youtube, Google, and Twitter once millions of viewers of censored media producers start getting fed up and moving over to blockchain-backed free speech alternatives. I'm ready for the Platinum Age of the Internet! I listened to a recorded lecture of Murray Rothbard about monopoly and competition. He went over how around the 1930s the definitions for these two words were changed to essentially have diametrically opposite meanings as they had before. Monopoly went from meaning "exclusive license granted by the state" to "having an unequal part of market share". To understand the latter, imagine a group of 10 farmers farming corn. "Competition" would mean each farmer sharing 10% of the market, and any farmer that grows beyond his 10% is considered to "have a monopoly". With this nonsense/socialistic view of monopoly, Rothbard points out that there is such a thing as natural monopoly. One company or organization is innovative or invents a new technology and devours the market and faces insignificant competition until the rest of the market gets their act together and catches up. Google, Facebook, Youtube, and Twitter have enjoyed a natural monopoly for several years now, and with their swinging hammers of censorship, they are about to lose that privilege. Nice knowin' ya.
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