US moves to force ByteDance to sell TikTok • Hacker News Board

Re: US moves to force ByteDance to sell TikTok

#11

Post by henry2023 » Wed, Apr 24, 2024, 5:51 AM UTC

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

Competition and free markets are only for the countries that can’t really compete with us. We like protectionism and customs duties. If that is not enough then there’s always the “national security” argument.

Re: US moves to force ByteDance to sell TikTok

#12

Post by tivert » Wed, Apr 24, 2024, 5:54 AM UTC

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

> I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

Yeah, and as an American, I'm so sick of hearing about "capitalism and the free market" that my first impulse is to support anything that irks the monomaniacal believers in those things. They're broken records and it's tiresome.

Re: US moves to force ByteDance to sell TikTok

#13

Post by squigz » Wed, Apr 24, 2024, 5:55 AM UTC

How would this actually work? How would the US force a Chinese company to sell? What if they didn't?

Re: US moves to force ByteDance to sell TikTok

#14

Post by datadeft » Wed, Apr 24, 2024, 5:55 AM UTC

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

Like how Boeing is strong arming the FAA to allow them to fly? Or pushing Airbus out?

Democracy and capitalism both dies when corporations take over.

Re: US moves to force ByteDance to sell TikTok

#15

Post by datadeft » Wed, Apr 24, 2024, 5:57 AM UTC

RamblingCTO wrote: post #9

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

I think it's pretty agreed upon that for capitalism to work you need some limitations. This argument is just snarky tbh. We all know that the US has agencies checking monopolies.

Like enforcing safety standards? These are the “limitations” that the US erodes right now in favour of profits.

Re: US moves to force ByteDance to sell TikTok

#16

Post by echoangle » Wed, Apr 24, 2024, 5:57 AM UTC

squigz wrote: post #13

How would this actually work? How would the US force a Chinese company to sell? What if they didn't?

DNS blocks and sanctions against executives probably

Re: US moves to force ByteDance to sell TikTok

#17

Post by defrost » Wed, Apr 24, 2024, 5:59 AM UTC

RamblingCTO wrote: post #9

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

I think it's pretty agreed upon that for capitalism to work you need some limitations. This argument is just snarky tbh. We all know that the US has agencies checking monopolies.

How effective are those agencies?

In the tech sector, for example, what came after the 20+ year old United States v. Microsoft Corp. anti trust case that concluded w/out breaking up Microsoft and soft balled the penalty?

Has that acted as a real deterrent in the tech sector, or is it just a footnote about how hard anti monopoly cases can be in practice?

Re: US moves to force ByteDance to sell TikTok

#18

Post by RandomLensman » Wed, Apr 24, 2024, 5:59 AM UTC

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

No, not really - why would it be?

Re: US moves to force ByteDance to sell TikTok

#19

Post by [deleted] » Wed, Apr 24, 2024, 6:00 AM UTC

archerx wrote: post #5

I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.

[deleted]

Re: US moves to force ByteDance to sell TikTok

#20

Post by quonn » Wed, Apr 24, 2024, 6:00 AM UTC

squigz wrote: post #13

How would this actually work? How would the US force a Chinese company to sell? What if they didn't?

How would TikTok collect ad revenue if it‘s illegal in the US?

Furthermore, a US judge could presumably just order to take down their DNS globally. Furthermore they can presumably compel Apple and Google to remove the app from the store.