The So-Called High-Tech Monopoly---Spawn Of Washington Crony Capitalism, Not The Free Market

The reality is that the hegemonic position of the Hi-Tech giants wasn’t achieved due to anything remotely resembling the “free market” – and the solution has nothing to do with a government takeover of the Internet.,

.Section 230 was made out to be a great victory for free speech, and was fought for by the American Civil Liberties Union: after all, what would happen if online speech was stopped by a bunch of bothersome lawsuits? Of course, that hadn’t happened with published-on-dead-tree speech, but that’s because editors (and lawyers) exercised editorial control – yet “interactive” Internet entities somehow could not have done the same. Oh no, they had to be granted immunity, i.e. special legal privileges.

This isn’t the free market: it’s crony capitalism.

 

 

https://original.antiwar.com/justin/2018/09/05/the-hi-tech-threat/

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.