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JohnQuiggin Profile picture
@JohnQuiggin
Sep 25, 2020 • 6 tweets • 1 min read • Read on X
Looking at private investments, all the top tech firms are essentially mature monopolies
Microsoft's last big innovation was buying 86-DOS in 1980, and renaming it MS-DOS. Everything since has been me-too, though very successful
Growth rate of Google searches now in single digits AFAICT. Android installed base pretty much static, smartphones a mature technology
Apple's last big innovation was iPhone (2007).
Amazon and Facebook - nothing new for years (except horrible new Facebook look).
All reliant on established base of users, network economies, IP protection against entry etc.

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More from @JohnQuiggin

JohnQuiggin Profile picture
Jul 18, 2022
Suppose(!) an Oz government or IR tribunal, wanted to shift the standard working week to four eight-hour days.
Here's one possible path:
Reduce standard working week from 38 hours to 35, a demand of the trade union movement that's been on the books for the last 50 years. With four weeks annual leave and 10 public holidays per year, that implies just over 1600 hours per year (excluding sick leave etc) 1/..
Now move to the four-day, 32 hour week, with the proviso that the full four days are worked in weeks with public holidays. That gives 1536 hours worked in a standard year 2/..
Read 5 tweets
JohnQuiggin Profile picture
Jul 16, 2022
An interesting question asked of Vladimir Putin by Margarita Simonyan (of Russian propaganda outlet RT) at the St Petersburg Economic Summit
Mr President, I would like to show you something that I have brought with me especially. It is juice, and it used to be so nicely coloured. It does not matter what sort of juice it is; you cannot even see the brand here, although it is a popular one.
And now – do you see? A small picture and the rest is white. Why is that? And this is happening on a massive scale.
Because we ran out of paint. The producer of paint for such packaging has left Russia, and the producer of the packaging also announced that they are leaving.
Read 9 tweets
JohnQuiggin Profile picture
Mar 16, 2021
This is the kind of thing that makes journalists distrusted. "The government has previously denied Ms Higgins’ partner David Sharaz’s claims that the PMO media team was “backgrounding” journalists against him." If this happened, lots of journos know and aren't telling.
If not, it ought to be easy enough for someone to do a ringaround Press Gallery and confirm PMO is telling the truth.
But journos won't burn insider sources even when those sources are engaged in borderline criminal behavior and lying about it. They are complicit in the process.
Read 5 tweets
JohnQuiggin Profile picture
Oct 5, 2020
Talking of reforms, how much is left of the micro reform era.
Having privatised telecomms and (most electricity), government is now building/commissioning broadband network and electricity generation and storage.
Competition and choice in human services comprehensively disastrous with for-profit providers (aged care, VET)
Read 9 tweets
JohnQuiggin Profile picture
Sep 20, 2020
Supposing the Dems win Presidency and both Houses, and override the filibuster, can they legislate the equivalent of Roe and Casey, for example in an expanded civil rights act?
Those decisions found an implied right in the constitution, but it's hard (for a non-US, non-lawyer) to see how SC can find an implied prohibition to replace it. Can they rule it out on states' rights grounds?
If not, issue of expanding SC might not arise unless there is another trigger. 2nd amendment?
Read 4 tweets
JohnQuiggin Profile picture
Sep 7, 2020
Crikey author Adam Schwab claims the data indicates lockdowns don't really work crikey.com.au/?p=742534 "The data" turns out to mean "a bunch of rightwing hacks with no relevant expertise". @BernardKeane
TJ Rodgers: semiconductor entrepreneur "Rodgers is known for his public relations acumen, brash personality, and strong advocacy of laissez-faire capitalism. "
Donald Luskin: far right finance guy, National Review Online etc
Lyman Stone, adjunct fellow at the American Enterprise Institute. At least this affiliation is acknowledged whereas the first two righties are presented as independent experts.
Read 5 tweets

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