Honestly, it would probably cause them to fucking implode. They would genuinely be so unable to respond to market forces that they would probably shatter into several smaller companies if you did just those things alone.
Most of these companies exist based on these perverse incentives. These preverse incentives are the fundamental point behind Keynsianism. The Cartel exists as an extention of government power to provide mandated economic outcomes that aren't covered by the welfare state which ensures dependency on both the corporation and the state.
The thing that's currently holding something like Twitter up is not only the American government directly, but a series of other cartels (also propped up by the government) in investment-banking, telecom, and advertising.
Stripping the protectionism would genuinely destroy the system we currently have to make it unrecognizable. If you attacked all the cartels and stripped them of all their government support, only one of two things would happen: a) they would collapse into total oblivion within months and we'd get entirely new platforms at every level; or b) foreign governments would dump billions into keeping them afloat for as long as humanely possible as a weapon to control the general populace of the rest of the planet.
This is the most shocking thing about all of this. These layers upon layers of protection are needed because the bigger these corporate structures are, the more fragile they become. They are not nearly as powerful as people think. They could not save themselves if the government wasn't stepping in at every turn to protect them.
Compare this to GameStonks. If the government hadn't stepped in, broken it's own laws, blackmailed Robinhood into having to over-fund it's positions to the point that it had to break it's own contracts with it's users; that capital firm would have collapses immediately. Instead, the collapse of that firm took several months.
These massive companies are malinvestment machines. That's why their shit is always garbage. They have no feedback to do the right or profitable thing because they are protected from market forces. The correction from those market forces destroys them. All you have to do is allow for consequences and the whole system dies. This is what depressions and recessions are: market corrections that absolutely gut swathes of the economy due to malinvestment.
Honestly, it would probably cause them to fucking implode. They would genuinely be so unable to respond to market forces that they would probably shatter into several smaller companies if you did just those things alone.
Most of these companies exist based on these perverse incentives. These preverse incentives are the fundamental point behind Keynsianism. The Cartel exists as an extention of government power to provide mandated economic outcomes that aren't covered by the welfare state which ensures dependency on both the corporation and the state.
The thing that's currently holding something like Twitter up is not only the American government directly, but a series of other cartels (also propped up by the government) in investment-banking, telecom, and advertising.
Stripping the protectionism would genuinely destroy the system we currently have to make it unrecognizable. If you attacked all the cartels and stripped them of all their government support, only one of two things would happen: a) they would collapse into total oblivion within months and we'd get entirely new platforms at every level; or b) foreign governments would dump billions into keeping them afloat for as long as humanely possible as a weapon to control the general populace of the rest of the planet.
This is the most shocking thing about all of this. These layers upon layers of protection are needed because the bigger these corporate structures are, the more fragile they become. They are not nearly as powerful as people think. They could not save themselves if the government wasn't stepping in at every turn to protect them.
Compare this to GameStonks. If the government hadn't stepped in, broken it's own laws, blackmailed Robinhood into having to over-fund it's positions to the point that it had to break it's own contracts with it's users; that capital firm would have collapses immediately. Instead, the collapse of that firm took several months.
These massive companies are malinvestment machines. That's why their shit is always garbage. They have no feedback to do the right or profitable thing because they are protected from market forces. The correction from those market forces destroys them. All you have to do is allow for consequences and the whole system dies. This is what depressions and recessions are: market corrections that absolutely gut swathes of the economy due to malinvestment.