Video: Enough Crony Capitalism!
Established businesses, like Facebook, use government to limit competition.
Facebook’s Mark Zuckerberg asks government for more regulation. He wants Congress to “require companies to build systems for keeping harmful content to a bare minimum”.
Wouldn’t that violate the First Amendment?
John Stossel says it also, conveniently, would protect Facebook from competitors who don’t restrict content. It also makes it harder for them to innovate in ways that might challenge Facebook.
- Tags:
- cronyism
- John Stossel