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RE: Wednesday Markets, Trends & Headlines: August 11 2021

in LeoFinance3 years ago

Rand’s assertion that social media giants are doing the government’s bidding is facile. They don’t answer to the government, they answer to the bottom line. Why would a so-called libertarian have a problem with private companies doing what’s in their perceived best interests?

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Rand’s assertion that social media giants are doing the government’s bidding is facile.

Doing its bidding? Probably not. At least probably not yet. Taking cues with an alarming amount of fealty to a left wing establishment to which many of its executives adhere. Definitely.

You don't need marching orders to toe the line.

Why would a so-called libertarian have a problem with private companies doing what’s in their perceived best interests?

Paul expressly acknowledged YouTube's legal right to make decisions that are bad for public discourse. This is one of their worst.

He's correct that they should face criticism for it.

If it were me I probably wouldn't have used the 'arm of government' angle. I'd emphasize the responsibility that should be expected of a company with YouTube's enormous market power.

The First Amendment is necessary to ensure free public discourse. It is not sufficient by itself. If freedom of speech disappears the effect on the life of the republic is the same whether by private whim or by public edict.