The Free Market Will Take Care of Companies

Facebook, Twitter, YouTube et al who are censoring people and content have a right to do that. Calling them monopolies or public utilities is the wrong way to go. Stressing their “power” is the wrong way to go, by which I mean it contradicts libertarian thinking about products and free markets. Worrying about free speech in the context of their censorship is likewise a losing and flawed argument. Forcing companies to provide a forum of free and/or diverse speech is not compatible with freedom.

Talking about applying anti-trust to these companies is the wrong way to go, in a libertarian analysis. Why? Being a big company or being the main company at present in a market doesn’t give a company real and lasting power as long as the market is open to the entry of competition. As far as I know, the market for communications fora is open. This means there are not insuperable barriers that prevent competitors from arising with new products that siphon customers from the present companies.

I could be wrong about market openness if these companies have wrongly buttressed their positions by patents that never should have been granted, in which case the appropriate targets are the laws that allow monopolization by that means. However, the analysis below assumes that other tech companies are feasible and exist right now that can substitute for Facebook et al. Alternatively, it assumes that entrepreneurs can find ways of delivering internet content and communications without the intermediation of these companies by other pathways.



Against the State: An …
Llewellyn H. Rockwell Jr.
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These censoring companies do not supply a public good. They are not in business chartered by…

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