> I wish the author had elaborated on why it should be illegal. (Or maybe, how it is?)
Its implicit - an actor is taking over entire societal logistics and ecommerce while burning investor money with no obligation to make profit, hence be sustainable. (applies to many tech giants). Practically becoming a public utility that the society depends on for running itself day to day.
If that actor goes tits up, then the entire society will experience chaos due to that supposedly private, but actually public infrastructure crumbling down with nothing at that scale to back it up.
Its too risky and irresponsible. You can bet that they will force the government to bail it out if that happens, by saying that it is 'too big to fail'. Socialized costs. Privatized profits.
unity1001|3 years ago
Its implicit - an actor is taking over entire societal logistics and ecommerce while burning investor money with no obligation to make profit, hence be sustainable. (applies to many tech giants). Practically becoming a public utility that the society depends on for running itself day to day.
If that actor goes tits up, then the entire society will experience chaos due to that supposedly private, but actually public infrastructure crumbling down with nothing at that scale to back it up.
Its too risky and irresponsible. You can bet that they will force the government to bail it out if that happens, by saying that it is 'too big to fail'. Socialized costs. Privatized profits.