We’ve proven the market is there, and that it needs to be monopolistic to succeed, and that if we leave it to the marketplace it will become so enshittened as to become a net negative instead of a net good. It all points to the core premise of social media—subscription-based multicasting—as something the government needs to regulate as a core economic and social good. The billionaires all had their chance, and they turned it all to shit so that they could buy slightly bigger yachts. Screw ’em.

Source: The Case For Social Media Socialism | Crooks and Liars