We don’t accept mafia escalating violence for profit. I’m OK with facebook (the biggest SNS) losing business because they can’t abuse the system enough.
What about the others ? same can be applied to them, and it doesn’t need to be done in order (no need to wait to regulate Google or twitter to touch facebook)
A union of federated states globally could be a significant force for good.
Impossible for the forseeable future of course but why immediately dismissed as a scary outcome?