I’m quoting this liberally, as it’s excellent. I was on Twitter from almost when it began in January 2007 through to late 2021 and the journey from protest tool to toy of plutocrats has been brutal.

What if Trump had been able to make common cause with a critical mass of Silicon Valley billionaires? Would things have turned out differently? This is an important question, because the three-sided conflict between nationalists, neoliberals, and participatory social movements is not over.

To put this in vulgar dialectical terms:

  • Thesis: Trump’s effort to consolidate an authoritarian nationalism
  • Antithesis: opposition from neoliberal tycoons in Silicon Valley
  • Synthesis: Elon Musk buys Twitter
Understood thus, Musk’s acquisition of Twitter is not just the whim of an individual plutocrat—it is also a step towards resolving some of the contradictions within the capitalist class, the better to establish a unified front against workers and everyone else on the receiving end of the violence of the capitalist system. Whatever changes Musk introduces, they will surely reflect his class interests as the world’s richest man.

[…]

[I]nnovative models do not necessarily emerge from the commercial entrepreneurism of the Great Men of history and economics. More often, they emerge in the course of collective efforts to solve one of the problems created by the capitalist order. Resistance is the motor of history. Afterwards, opportunists like Musk use the outsize economic leverage that a profit-driven market grants them to buy up new technologies and turn them definitively against the movements and milieux that originally produced them.

[…]

Musk claims that his goal is to open up the platform for a wider range of speech. In practice, there is no such thing as “free speech” in its pure form—every decision that can shape the conditions of dialogue inevitably has implications regarding who can participate, who can be heard, and what can be said. For all we might say against them, the previous content moderators of Twitter did not prevent the platform from serving grassroots movements. We have yet to see whether Musk will intentionally target activists and organizers or simply permit reactionaries to do so on a crowdsourced basis, but it would be extremely naïve to take him at his word that his goal is to make Twitter more open.

[…]

Effectively, Musk’s acquisition of Twitter returns us to the 1980s, when the chief communications media were entirely controlled by big corporations. The difference is that today’s technologies are participatory rather than unidirectional: rather than simply seeing newscasters and celebrities, users see representations of each other, carefully curated by those who run the platforms. If anything, this makes the pretensions of social media to represent the wishes of society as a whole more insidiously persuasive than the spectacles of network television could ever be.

[…]

It’s you against the billionaires. At their disposal, they have all the wealth and power of the most formidable empire in the history of the solar system. All you have going for you is your own ingenuity, the solidarity of your comrades, and the desperation of millions like you. The billionaires succeed by concentrating power in their own hands at everyone else’s expense. For you to succeed, you must demonstrate ways that everyone can become more powerful. Two principles confront each other in this contest: on one side, individual aggrandizement at the expense of all living things; on the other, the potential of the individual to increase the self-determination of all human beings, all living creatures.

Source: The Billionaire and the Anarchists: Tracing Twitter from Its Roots as a Protest Tool to Elon Musk’s Acquisition | CrimethInc