I don’t disagree with that. Not inherently. Such power though can be used in ways that are against public interests. Now feel free to educate me if I am wrong here, but the Sherman Act offers remedies against anti-competitive behaviors, and others regulations are sometimes created in interest of the public good in other cases (such as the “must-carry” rules alluded to now way upthread).
This small aside was however over the position that the existence of some number of competitors, even trivial ones (such as messageboards like ours, or Joe zapping along on with his garage server) are proof that oligopoly power does not exist. It is defined by market power, and subject to the Sherman Act for anti-competitive behaviors.
Getting a lawsuit prepared to the level that it needs to be responded to is enough of a barrier that many, maybe most, threats of such for ridiculous reasons that are sure to lose never happen.
And in any case this portion of the discussion is NOT proposing a new governmental regulatory body. It proposes the remedy of some regulatory guidance for what social media terms of service may look like, and a requirement that platforms have a process in place, inclusive of an appeal process, that attempts to enforce those terms of service with consistency.
Do you imagine that there is something preventing anyone from sueing the SDMB or its owners now? Again idiots can always sue, even when there is no chance of winning. Even idiots usually do not, because usually they have to find a lawyer first, and either pay them something, or convince them that there is a case that will bring an award worth their time. Let’s imagine that conversation!
Disciplined Doper: I’ve been wronged! Harmed I say! (This messageboard won’t let me say X! Or let’s others say X to me!)
Lawyer calculates out chance of winning the case, and likely harms awarded: Please leave.
The lawyers here would not take even their own cases!
There is nothing stopping Twitter from being sued now by anyone for alleged harms other than the fact that the plaintiff has no chance at winning anything.
(Actually the SDMB is in good shape by this standard. We have pretty clear sets of rules for each forum, and relative to user base size a large group of human moderators attempting to enforce those rules, with an appeals process in place by way of the ATMB forum, in which the totality of moderators review a questioned decision. Of course there are still bad calls made and some left standing but the standards are clear, the process is fairly transparent, and there is a good faith effort made to follow it with consistency. I’ve no idea about how GB is moderated. I’d suspect that in actual practice moderation is less arbitrary and capricious than advertised, but do not know.)