Network effects and economies of scale (people use Facebook because everyone else uses Facebook, people use TikTok because people they follow are on TikTok) cannot be overcome by changing corporate ownership structure or property rights because the technological structure itself creates non-market power

causalpending

Speaker

Yanis Varoufakis

Evidence Quote

the reason why people are in facebook is because everybody else is in facebook...there is nothing you can do about that uh by changing the system...these are the network economies [44:52]

Source

Can we Fix Capitalism? Yanis Varoufakis vs Gillian TettIntelligence Squared
Created: 8/12/2026, 10:33:04 PM

My Notes

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