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Markets and Social Justice: A Conversation with Nick Cowen

ReImagining Liberty

CHAPTER

The Future of Social Media

Facebook is providing some kind of common pool good that benefits from economies of scale, from network effects. And effectively what they're setting up is a kind of what people in the antitrust world call like two-sided markets. We know that these things can generate kind of slightly exploitative arrangements because once you find yourself as the maven like Facebook, then you can start to profit a great deal.

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