this post was submitted on 15 Mar 2024
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If Tiktok was so dangerous for consumers like capitalists claim, wouldn’t the free market adjust to this fact and TikTok naturally phase out?

That’s the theory behind the free market that ridiculous capitalists push. So what gives? Getting cold feet? Starting to realize your ideology is absurd?

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[–] [email protected] 22 points 9 months ago (1 children)

Not necessarily. The lawmakers are stating they are afraid of a hostile foreign government interfering or collecting sensitive data via the app. The "free market" will only regulate profitability and desire for a product. But if there's surreptitious data harvesting that won't be apparent to users.

There's also an imbalance in that a foreign command economy can drive tiktok development at a loss if needed or simply have access to funds a free market economy wouldn't.

I don't really believe in the free market but this is the stance the initial argument took.

[–] Aqarius 4 points 9 months ago

All correct, but a foreign government is just another actor on the US market, and if there is such a thing an actor that is not regulated by the market, then the market is not self-regulating, and needs outside constraints.

Not a very deep insight, granted, but surprisingly not universally accepted.