Elites controlling everything is why the couple thousand years prior to the 1900s almost everybody in the world lived in conditions that would be considered abject poverty today.

And not having any control is why some "shithole" countries have that reputation..

Honey, the elites control most of the infrastructure related to this stuff now.

And you don't think conditions suck for a good number of the world?

This sort of rhetoric is empty and meaningless, useful only for antagonism.

All I'm saying is that's not an excuse for deregulation, it's literally a reason to do more regulation. Open source and distributed social media exists, that doesn't mean we should let meta do whatever it wants.

E: A lot of the libertarian rhetoric here falls apart when you examine other monopolistic situations like water or electricity. You need massive datacenters to run these applications. That gives the corporations who can operate that capital advantages that lead to them owning spheres of computing like AI. The only way to address that monopoly power is government action, unless you like the negative market externalities created by those monopolies (maybe you own equity in a technology company). Frankly, even if the EU gets it wrong the first time, I am much happier with their approach of trying something than I am with the United States approach of "we need to innovate at all costs! What if china catches up?!". I've had enough hysterics from free market people who think gigantic tech interests can do no wrong, or who are under the naive impression that the open source community can create these models without the backing of big capital.