1 minute reading time (121 words)

National express

St Pancras Station 1980 by Nicksarebi, CC licence http://www.flickr.com/photos/34517490@N00/2722646892/sizes/m/in/photostream/

 

David Mitchell wants Facebook to be nationalised:

 

I'm sure Facebook would claim it's not a monopoly – strictly speaking it isn't – but it clearly wants to be and, if there are whole sections of society who feel obliged to sign up in order to be able to communicate with one another, then its dreams are coming true. (...) While it's providing its services for free, there's no pressure on Facebook to rein in its monopolistic urge.

There must be strong economic arguments in favour of nationalising it.

 

It's a powerful and interesting argument: that digital businesses with a monopolistic market share must work for the good of the people, rather than its shareholders.

Will this ever happen?

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