Opinion | Launching a Global Currency Is a Bold, Bad Move for #Facebook - The New York Times
▻https://www.nytimes.com/2019/06/19/opinion/facebook-currency-libra.html
Years ago, Mark Zuckerberg made it clear that he doesn’t think Facebook is a business. “In a lot of ways, Facebook is more like a government than a traditional company,” said Mr. Zuckerberg. “We’re really setting policies.” He has acted consistently as a would-be sovereign power. For example, he is attempting to set up a Supreme Court-style independent tribunal to handle content moderation. And now he is setting up a global currency.
The way we structure money and payments is a question for democratic institutions. Any company big enough to start its own currency is just too big.