Discover and read the best of Twitter Threads about #ShermanAct
Most recents (6)
If the word "antitrust" has a dusty, old-fashioned feel, that's only to be expected - after all, the word has its origins in the late 19th C, when the first billionaire was created.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/14/aim…
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pluralistic.net/2023/04/14/aim…
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That billionaire was #JohnDRockefeller, who formed a "trust" with his oil industry competitors, through which they all agreed to stop competing with one another so they could concentrate on extracting more from their workers and their customers.
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#Enshittification is platforms devouring themselves: first they tempt users with goodies. Once users are locked in, goodies are withdrawn and dangled before businesses. Once business customers are stuck, all value is claimed for platform shareholders:
pluralistic.net/2023/01/21/pot…
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pluralistic.net/2023/01/21/pot…
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/12/alg…
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pluralistic.net/2023/04/12/alg…
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Enshittification isn't just another way of saying "fraud" or "price gouging" or "wage theft." Enshittification is intrinsically digital, because moving all those goodies around requires the flexibility that only comes with a *digital* businesses.
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When students of statistics are introduced to creating and interpreting models, they are introduced to George Box's maxim:
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
*All models are wrong, some are useful.*
It's a call for humility and perspective, a reminder to superimpose the messy world on your clean lines. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/04/03/all… 2/
pluralistic.net/2023/04/03/all… 2/
Even with this benediction, modeling is forever prone to the cardinal sin of insisting that complex reality can be reduced to "a perfectly spherical cow of uniform density on a frictionless plane." 3/
This week on my #podcast, I read #Twiddler, a recent @Medium column in which I delve more deeply into #enshittification, and how it is a pathology of digital platforms, distinct from the rent-seeking of the analog world that preceded it:
doctorow.medium.com/twiddler-1b5c9… 1/
doctorow.medium.com/twiddler-1b5c9… 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/02/27/kno… 2/
pluralistic.net/2023/02/27/kno… 2/
Enshittification, you'll recall, is the lifecycle of the online platform: first, the platform allocates #surpluses to end-users; then, once users are locked in, those surpluses are taken away and given to business-customers. 3/
The DoJ's antitrust lawsuit against #Google triggered an avalanche of pearl-clutching editorials from establishment lawyers and economists who argue that such a move is both counterproductive and legally incoherent. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/02/13/the… 2/
pluralistic.net/2023/02/13/the… 2/
These Very Bad Takes are only to be expected, since they emanate from ideologues who volunteered to serve as Renfields for vampiric monopolists. 3/
Sinclair #Antitrust #ShermanAct 👀
The settlement requires the parties to continue to cooperate in an ONGOING investigation. 🤓 @ninaandtito
Lol, Trumpkin Sam Zell owns Tribune Media, another party to the settlement. 😁
