However, capitalism doesn't leave consumers with no options - vote with your wallet!
I did not write what I wrote as a parody. Shareholder primacy is the foremost blight on this modern existence and is responsible for an innumerably large portion of the negative externalities that cause so such much suffering today.
I would vote with my wallet, but that will accomplish exactly jack shit. There are few who will stand with me if it means threatening their pathetically precious creature comforts which our modern capitalism so dutifully provides.
Also, it is worth noting that the entire goal of capitalism is to eliminate those options, using "free-market economics" as cover for its seemingly insatiable lust for competitors to gobble up or otherwise drive out of business. Some of the very first things they teach you in b-school, about moat building and competitive advantages and all that other crap, is an outright attack on the marketplace model
That really works with monopolies! /sarcasm /are-you-serious
Yes, this would cause price increase. But a lot of people would gladly pay for it. The ones who don't want to, could accept a "discount" in exchange for becoming a glass citizens.
Actually, it wouldn't. Facebook makes obscene profits. Rather than be uncompetitive, they'd keep the same price.
If we gave Facebook the choice of stopping stealing from people like this, or getting shut down, they'd do this in a second.
In a sane society, Facebook would have been shut down years ago, after the 2016 election.
I used to think everyone should learn a programming language just so they can experience its expressive power but more and more I wish they would so they wouldn't get duped by really dumb marketing.