Video sharing sites of the size/impact of Youtube, similarly to social platforms like Facebook/Instagram/Twitter whatever, and platforms like Google Search/Maps, etc have a tremendous impact on society. They have become a major way of how people communicate, make daily choices, purchasing decisions, vacation plans, etc.
When a company is that big and that impactful (despite being a for-profit company), it is in interest to the general public that there are some checks and balances in place.
For me, the best scenarios is governments involve themselves as they involve themselves in other areas of business:
- telecommunications and utilities (Verizon)
- transport (Uber has different treaties/operating models in different countries)
- online marketplaces (Google)
Only through treating these behemoths as providers of "public goods/utilities" via our governments, can we have them not regressing to what any monopoly would naturally regress to: arrogant hands-twisting thugs, not afraid to exploit their users for every penny.
Keep in mind that governments already DO involve themselves in the business (mal)practices of these tech giants. For example, Tesla's new cybergarbage is unlikely to pass a scruitiny in the EU due to pedestrian safety/impact concerns. Google/Facebook/Instagram all have to respect the GDPR and its US cousin the CCPA, etc, etc. If it wasn't for measures like this, you'd not have "do-not-track" options in your browser, nor would you have adblockers in the Google play store...
I simply want MORE, quicker and better government involvement into anticompetitive practices that (mostly) US tech giants use.
in other words, the proposed is a policy for which other people (whom you view as having more wealth) gets taxed for a benefit for which you will gain.
In my country I am taxed 52%, and I don't mind that. I clearly see the money going into public infrastructure, roads, public transport, social housing, greening the cities, etc. If I am unable to work due to illness, I will benefit from 80% of my salary for many years, and after that, 70%. You should give more to the system proportionately to how wealthy you are. People with 10 mansions and a fleet of cars and a private jet while there are homeless on the streets, that is an abberation. The current system is failing because when people get beyond a certain amount of wealth, their wealth can increase exponentially, while they are not taxed exponentially. It's a finite planet, after all. Infinite wealth growth of a few while many can barely afford rent is like cancer and should be taxed to oblivion.
If I was earning more, I would not mind sharing an ever increasing percentage of that in terms of taxes. I don't need 20 houses and 20 cars, and my own rocket, no individual person needs that. People like that should not be allowed to exist by the government.
Btw here are two recent examples what can be done when a monopoly like Youtube tries using their dominant position in the market to squeeze workers or consumers:
As you can see, both organized worker action and government oversight work very well to curb greedy companies. So please, when you see people outraged and trying to organize, if you don't want to join, don't, but don't try to tell people to 'just accept it', because we won't. We are angry and have had it up to here with corporate greed.
When a company is that big and that impactful (despite being a for-profit company), it is in interest to the general public that there are some checks and balances in place.
For me, the best scenarios is governments involve themselves as they involve themselves in other areas of business:
- telecommunications and utilities (Verizon)
- transport (Uber has different treaties/operating models in different countries)
- online marketplaces (Google)
Only through treating these behemoths as providers of "public goods/utilities" via our governments, can we have them not regressing to what any monopoly would naturally regress to: arrogant hands-twisting thugs, not afraid to exploit their users for every penny.
Keep in mind that governments already DO involve themselves in the business (mal)practices of these tech giants. For example, Tesla's new cybergarbage is unlikely to pass a scruitiny in the EU due to pedestrian safety/impact concerns. Google/Facebook/Instagram all have to respect the GDPR and its US cousin the CCPA, etc, etc. If it wasn't for measures like this, you'd not have "do-not-track" options in your browser, nor would you have adblockers in the Google play store...
I simply want MORE, quicker and better government involvement into anticompetitive practices that (mostly) US tech giants use.