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RE: Facebook Becoming The Second Most Powerful Financial Institution?

in Threespeak4 years ago

Think about it, how many more people are immediately affected by a change in the terms of service by FB as opposed to a law passed by the government. Most will notice the FB change, few pay attention to the new laws.

Sometimes this type of ignorance is a bliss.

In 30-50 years, we will likely see the nation-state as something much less impactful.

Yes, fully agree, the notion as nation-state is also new in human kind. We had empires, kingdoms, ducats, etc before. They mostly gone or obsolete. Nation-state will follow. There will be some kind of big unions, to hold up some kind of order and infrastructure standards, but else it will be the entities that control the data and the cashflow who will rule.

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Something else that few remember, the corporation is a relatively new innovation, basically less than 300 years old. At some point, this too will drift away.

Perhaps the DAO or some form of it will replace most corporations.

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Right, they will reorganize into something else. Everything is reinvented into something better, even if we might no see it as it.

I wonder if facebook will not be forced to split by the governments, as it can pose an economical threat to many countries.

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