this post was submitted on 09 Sep 2023
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While I think these companies should definitely be regulated, I'm not sure how feasible or sustainable it is to nationalize them. It might curtail competition from fostering, if people who are responsible for introducing disruptive companies are less incentivized from creating companies.
As much as I'm not a fan and I'm highly critical of Musk, one can't deny the disruptive impact his companies have had on the industries, and him forcing traditional car manufacturers to innovate. If his companies get nationalized, would that discourage others from creating potentially positively disruptive companies that would force existing industries to innovate?
ok but counterpoint: it would be really funny