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TikTok offered an extraordinary deal. The U.S. government took a pass.
(www.washingtonpost.com)
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this post was submitted on 30 May 2024
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What I like is that the west is the one failing to stick to its own stated principles of capitalism and private property.
The US has basically always had some level of federal control over some private property, beginning with construction of the National Road in 1806. "Principles of capitalism and private property" as you describe it here is a much newer ideology popularized by Reagan in the 80s that's still a libertarian fever dream much more representative of the US Republican party rather than "the West."
No doubt, but it is the rhetoric of today. But this is still yet different than control of limited physical resources. It's a company who built a product. It's clear nationalism over principles.
Tbh I'd say it's more about the fact china doesn't allow western companies in china to do what tiktok was doing in the us.
And yet all of the concessions that tiktok has made until now show that it is perfectly willing to play ball with the US government, it just isn't willing or allowed to sell its algorithm because China clamps down on capital exports heavily for economic reasons.
I mean... These terms exceed what Douyin does in China. It's actually an insane level of concessions.