(Replying to PARENT post)

Perhaps a valuable public service should be owned and governed by...the public? In a corporation like Twitter, only people who can afford a financial stake have a say, and having more financial stake means having more say. Not a great structure if your concern is power. Perhaps everyone in the public (with a social rather than financial stake in a platform like Twitter) should have a voice in its governance.
👤potluckyears🕑4y🔼0🗨️0

(Replying to PARENT post)

> In a corporation like Twitter, only people who can afford a financial stake have a say

So just like real life, where a rich corporation can use its money to spend on Ads to attack politicians who dont support the corporation.

👤sumedh🕑4y🔼0🗨️0

(Replying to PARENT post)

The government mismanages almost everything it takes over. If it owned Twitter, the employees would take over, unionize, and demand and get a collective bargaining agreement that guarantees annual pay raises while making them almost totally immune to dismissal.

There's a reason why the government was not able to effectively execute on developing a cost-effective space launch system, while SpaceX was. The efficacy of using the profit motive and competition to engender innovation and efficiency is not corporate propaganda. It's the lesson of the last 400 years.

The sanctification of the government, as some kind of healthy antidote to corporate greed, and representative of the collective will, is a deeply misguided and extraordinarily dangerous notion. Thomas Sowell's account of his experience at the Department of Labor in 1960 is a poignant example of how untrue it is: https://youtu.be/v6PDpCnMvvw?t=38

👤CryptoPunk🕑4y🔼0🗨️0

(Replying to PARENT post)

We should definitely have public owned non profits, maybe even government sponsored ones.

They're utilities and should be treated as such.

I don't expect this to happen in the US unless there's a a Great Digital Depression.

👤oblio🕑4y🔼0🗨️0

(Replying to PARENT post)

Would be interesting to see something like this governed by a community. Interesting in the light of DAO ownership. Any notable projects like this?
👤dawnim🕑4y🔼0🗨️0

(Replying to PARENT post)

The US Supreme Court is within spitting distance of wading into these waters. See Justice Thomas' concurrence in the grant of cert for Biden v. Knight First Amendment Institute[1]. "The similarities between some digital platforms and common carriers or places of public accommodation may give legislators strong arguments for similarly regulating digital platforms."

See also https://www.npr.org/2021/04/05/984440891/justice-clarence-th....

[1] https://www.supremecourt.gov/orders/courtorders/040521zor_32...

👤jordanpg🕑4y🔼0🗨️0