The government mismanages almost everything it takes over. If it owned Twitter, the employees would take over, unionize, and demand and get a collective bargaining agreement that guarantees annual pay raises while making them almost totally immune to dismissal.
There's a reason why the government was not able to effectively execute on developing a cost-effective space launch system, while SpaceX was. The efficacy of using the profit motive and competition to engender innovation and efficiency is not corporate propaganda. It's the lesson of the last 400 years.
The sanctification of the government, as some kind of healthy antidote to corporate greed, and representative of the collective will, is a deeply misguided and extraordinarily dangerous notion. Thomas Sowell's account of his experience at the Department of Labor in 1960 is a poignant example of how untrue it is: https://youtu.be/v6PDpCnMvvw?t=38
I didn't mention "the government." There are other models for democratic governance of businesses, such as co-ops. Credit unions and REI are examples consumer-owned co-ops that have been very successful and provide great service. REI shows that it is possible to govern a business in the US on the principle of "one member, one vote" instead of "more money, more votes" and still make billions in revenue.
I would agree that Twitter transitioning to a DAO owned by its users might turn out great.
Going a bit on this tangent: one problem with a DAO for Twitter is that the tools for DAO management are still in their infancy, and in practice it means that a centralized administration holds the keys to power in existing DAOs. E.g. the administrators of the main Discord channels, the mods of the main Reddit channels, etc, have the ability to control the narrative by deciding what messages are made prominent, and which ones are censored, in community discussions.
There's a reason why the government was not able to effectively execute on developing a cost-effective space launch system, while SpaceX was. The efficacy of using the profit motive and competition to engender innovation and efficiency is not corporate propaganda. It's the lesson of the last 400 years.
The sanctification of the government, as some kind of healthy antidote to corporate greed, and representative of the collective will, is a deeply misguided and extraordinarily dangerous notion. Thomas Sowell's account of his experience at the Department of Labor in 1960 is a poignant example of how untrue it is: https://youtu.be/v6PDpCnMvvw?t=38