Advertisers Say They Do Not Plan to Return to X After Musk’s Comments
Advertisers Say They Do Not Plan to Return to X After Musk’s Comments
Elon Musk, the owner of X, criticized advertisers with expletives on Wednesday at The New York Times’s DealBook Summit.
Elon Musk, the owner of X, criticized advertisers with expletives on Wednesday at The New York Times’s DealBook Summit.
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I thought this guy was supposed to be right wing? Doesn't he like the free market? Because, I mean, the alternative is regulation. We could make antisemitism illegal, but in the west we have largely decided that we will instead rely on free market forces (read: public shaming) to root that shit out.
It's almost as if... and this might sound crazy, but hear me out... it's almost as if this guy wants the advantages of capitalism, but none of its disadvantages?
He's a libertarian. That means he thinks he can do whatever the fuck he wants but will squeal like a stuck pig at the slightest sign of pushback.
And as any "proper" libertarian, he depends deeply on State money (SpaceX + Tesla).
And probably likes underage girls
there's also considerable evidence he lied about not knowing epstein
[insert photo of the Boer hanging out with Ghislaine Maxwell]
There's only two ways to make money: suckle at the teet of government (because the government prints the money), or bilk customers. Musk started all of his companies using the first method and has now has moved onto the second in many of his companies.
Everyone loves capitalisim until it's inflicted on them. Oddly enough, this includes Musk.
What advertisers are doing isn’t capitalism it’s collusion to manipulate the market.
Yeah, that's just capitalism.
Obviously you don’t understand capitalism and your just going off what people who want communism and socialism are saying.
Please explain to me how advertisers exercising their agency in choosing who to advertise with is "communism" or "socialism".
When I mentioned communism and socialism I was pointing to the mischaracterization of capitalism. Capitalism is just the free and open market and when companies collude together to manipulate the market that’s not capitalism. Capitalism has built in rules against market manipulation and monopolies unfortunately that requires the government to do it’s job to enforce it, which it’s been doing a piss poor job of.
Capitalism has built in rules against market manipulation and monopolies
It most assuredly does not. Addressing these externalities is the responsibility of government.
The fact that it requires a free and open market are the rules and since it’s a component of the government the government has to make sure the system is free and open.
What evidence is there that the companies are colluding? Are there communication logs where they all conversed and decided to pull ads? Is there any evidence at all that the companies had any interaction with each other about this and made a unifying decision to cancel their ads?
Collusion requires entities to work together to achieve a mutual goal. Otherwise, it's just a coincidence of timing.
At the moment it’s speculation, but from past events involving these same companies we’ve witnessed collusion.
What past events with which companies?
And who is this "we" you're referring to? Do you have a mouse in your pocket?So far you've admitted to speculating on ethereal events and are using that as your basis for claiming foul play while providing no evidence for any of it.
So, are you suggesting regulation of the market?
No, some level of punishment of those that try to manipulate/manopolize the market.
Your definition of capitalism in this argument is simply a no true scotsman: https://en.wikipedia.org/wiki/No_true_Scotsman.
Just because you’re able to lookup fancy words doesn’t make my sentence invalid. https://en.m.wikipedia.org/wiki/Capitalism
I think you might be having difficulty grasping the idea that people have marketing budgets and if say the ceo of a company you advertise on very publicly endorses hate speech it does create a brand management problem.
You want your products to not be associated with things like, say, racism, which are kind of "yucky" to a lot of people.
As a result you might refocus spending. If a bunch of people do this at once this doesn't mean there's collusion. For example, during a thunderstorm you might see less people outside. This isn't because they all colluding - people don't like being struck by lightning. Similarly, companies don't want their brands to be "yucky" to the average consumer and often its just a matter of moving the ad spending to another platform without the baggage.
You could ONLY limit this effect by banning advertising entirely.
Yes you’re right about public image and a company wanting to preserve it. And I might be a little hyperbolic about what I’m saying. But really if it was just public image along with their ads, they would delete/(stop using) all of their accounts to show that they didn’t want anything to do with Twitter as long as they had hateful content on there.
That doesn't follow. Diverting ad spending is very different than closing feedback channels. For one, its likely to be handled by different departments in most companies and marketing budgets are likely to be far higher and more contentious than like micromanaging a social media handler.
Lol at someone insulting others understanding when they conflate communism and socialism.
I’m not conflating the two I’m simply saying the people that have an issue or misunderstanding and capitalism usage fall in either camp.
I'm entirely pro-capitalism. Why should the free market not be allowed to act here?
In this context if they disagree so much they should just leave the platform and then it would fall under capitalism. What they want is to stay on the platform and dictate how it should be run and if they don’t get their way they make threats and ultimatums, which is a form of manipulation, I.e anti-capitalism.
It's not manipulation to say "we're leaving because you did this thing and won't be back until you don't do this thing." This is simply the market forces articulating their preferences.
If I stop buying a company's products because I disagree with the direction it's going, I am voting with my wallet, not manipulating the company.
Yes vote with your wallet and leave, but don’t bring up false information to try and get others to leave, don’t use subsidiary companies, you own to lie and badmouth, when you leaving didn’t change the companies stance.
don’t bring up false information
Can you cite any examples of the above happening?
don’t use subsidiary companies, you own to lie and badmouth,
And explain what this means?
So capitalism bans collusion? How?
Government regulations. Capitalism is a component of the government so it should take government action to enforce it.
Really? Because I've been repeatedly told by libertarian types (not socialists or communists) that any government regulation is not capitalism.
You're free to disagree with them, but then I'm going to ask what your definition of capitalism is that assumes this regulation (not just allowing it, but mandating it).
. Because I’ve been repeatedly told by libertarian types (not socialists or communists) that any government regulation is not capitalism
Found your problem. That's like asking flat earthers about gravity. They may think it exists but their concept of it is a fiction meant to align to their worldview.
Musk himself tends to identify with libertarianism; we can still critique him from his own standards without accepting them outright.
Well sure but that just makes him more wrong, not libertarians more credible.
No matter the system you need some level of regulation otherwise it’s just anarchy. What you want is a balanced regulation that not overbearing and keeps thing running smoothly.
WTF regulation would exist to possibly prevent a corporate boycott of X ads anyway?
"We hereby mandate that you buy ads on Xitter!"
That's your version of the one true capitalism? GTFOH
OK, but the libertarian types who generally worship Musk are not going to like you one bit for saying it.
I don’t fall into teams and I’m not part of a cult I’m looking at the big picture.
Capitalists love collusion to manipulate the market when they're in on it.
No, corrupt individuals do
Hypocrisy? From a right winger? What's next, water being wet?