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RE: The Reserve Status Of The USD?

in LeoFinance3 years ago

A company like Facebook is the epitome of what is taking place. Even though it is a siloed entity, it does wield enormous power over billions of people. This makes its influence larger than any government.

I think comparing the influence of Facebook to the influence of governments is comparing apples to oranges. Facebook's influence is much more diffuse than that of anyone's national, state/regional or local government. While two random people picked out of the entire world population are unlikely to be under the same jurisdiction, their respective governments wield considerable coercive power over them. Removing Facebook's direct influence one any individual entirely is a matter of deleting a single app from a smartphone or a PC. Nothing and no one can stop any individual from doing that if they so choose.

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