Just how big is Facebook? Well, here’s one way to look at it. When they had a misstep this past week, it launched a stock selloff. The selloff for this one company was enough to cripple the Dow, S&P 500 and NASDAQ, at least for a day. Facebook is in a class of companies that the left likes to deem “too big to fail.” It’s the term they used to justify the bank bailouts during the recession, and it’s quickly being applied to the super giant tech companies of the West Coast.
How far can this concept be stretched? Is it limited to bailouts in the face of financial failure, or can we go further? Should Google, Apple and Facebook be exempt from basic regulations? Should they be protected from law enforcement, investigations and the basic rule of law that applies to ordinary citizens?
If you haven’t seen the connection yet, this is why the left is so supportive of the Washington swamp. Selective regulation and law enforcement is a major step towards full-fledged socialism. When the elites are no longer governed by the same rules as the rest of us, they are free to push deep state agendas. If this doesn’t change, the distinction between corporate leaders and elected officials will fully blur.
In this video, you’ll see how badly Facebook screwed up. You’ll also see how far removed this giant company is from the typical scrutiny and investigation that you would expect — especially when dozens of laws have clearly been violated.
