New Thinking: Nationalise Google, Facebook and Amazon

www.theguardian.com

Networks tend to first standardise and then monopolyse. The same is true for the digital realm. According to Nick Srnicek there is an answer to the power Google and Facebook amass. And it lies in the past. 

"Natural monopolies like utilities and railways that enjoy huge economies of scale and serve the common good have been prime candidates for public ownership. The solution to our newfangled monopoly problem lies in this sort of age-old fix, updated for our digital age. It would mean taking back control over the internet and our digital infrastructure, instead of allowing them to be run in the pursuit of profit and power. If we don’t take over today’s platform monopolies, we risk letting them own and control the basic infrastructure of 21st-century society."

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