I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.
Does China allow Facebook to work in China?
US moves to force ByteDance to sell TikTok
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Re: US moves to force ByteDance to sell TikTok
#22Tiktok probably will move out of US market then US market is great to have, but there is still the rest of the world too
That doesn‘t really make sense financially. It would be more reasonable to sell.
Re: US moves to force ByteDance to sell TikTok
#23I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.
If it's a change, it's a welcome one
Re: US moves to force ByteDance to sell TikTok
#24I 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.
Sorry if this comes across like cynicism. Although I don’t like this system I truly believe this is what it is.
Take for example Chinese EVs, if everything stays the same they will outcompete us and instead of approaching this with better engineering and innovation we’re starting to hear about how those cars may be spying on us. Soon to be banned for our own “safety”.
Re: US moves to force ByteDance to sell TikTok
#25Tiktok probably will move out of US market then US market is great to have, but there is still the rest of the world too
That doesn‘t really make sense financially. It would be more reasonable to sell.
How does owning a company and making money, just not in one country, not make sense vs. not owning a company and letting other people make money?
Re: US moves to force ByteDance to sell TikTok
#26I thought America believed in capitalism and the free market? This seems to be the opposite of that philosophy.
Does China allow Facebook to work in China?
If you’re going to base the actions of the US on grounds of what a country run by the communist party does. Then, are we really capitalists?
Re: US moves to force ByteDance to sell TikTok
#27Whenever the EU forces US companies to do something, we get collective outrage on here. So I was wondering: Can we get some collective outrage for this as well?
Otherwise I can just conclude that there's a double standard about this kind of thing here.
Re: US moves to force ByteDance to sell TikTok
#28Earlier quoted context omitted.
That doesn‘t really make sense financially. It would be more reasonable to sell.
How does owning a company and making money, just not in one country, not make sense vs. not owning a company and letting other people make money?
They can keep the company, just not in the US. Furthermore it really depends on the price. If I make an annual profit x that is expected to grow to y eventually, then I would certainly sell you that company for 100 * y. Maybe even 10 * y.
Re: US moves to force ByteDance to sell TikTok
#29Whenever the EU forces US companies to do something, we get collective outrage on here. So I was wondering: Can we get some collective outrage for this as well? Otherwise I can just conclude that there's a double standard about this kind of thing here.
As a EU citizen I don‘t care about any collective outrage on HN. It‘s not even a question of standards, it‘s a question of power and I‘m happy to see that the EU has enough power to pass these kind of laws.
Re: US moves to force ByteDance to sell TikTok
#30Whenever the EU forces US companies to do something, we get collective outrage on here. So I was wondering: Can we get some collective outrage for this as well? Otherwise I can just conclude that there's a double standard about this kind of thing here.
or, your oversimplification misses all the nuance and the difference in the situations, and they're in fact different situations, so the difference in reaction is warranted.