It's inevitable: whenever I talk about the need to curb concentrated power in the tech sector, someone comes along to ask why I only care about tech - why not do something about concentration in telecoms or entertainment?
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That's not wrong, but it's not right either. Yes, telecoms and entertainment are grotesquely concentrated and abuse their monopoly power to the great detriment of the rest of us.
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But no, gunning for Big Tech does NOT mean that we're not gunning for Big Content and Big Telco, too.
The idea that these monopolized industries are somehow keeping each other in check - rather than colluding to screw the rest of us - is wrong. Google did an anti-Net Neutrality deal with Verizon. And all the tech and content companies illegally fixed wages between 'em.
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I fully believe that some of the money and energy for breaking up tech is coming from astroturf campaigns run by ISPs and movie studios and record labels - but they're betting that if we break up Big Tech, that'll be the end of it.
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Like trustbusting is Thanksgiving dinner, something that leaves you so satiated that you can't even think about going back for second.
That is so wrong. If history teaches us anything, it's that trustbusting is like potato chips, and once you start, you can't stop.
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"If we're gonna make it through this monopolistic era of evidence-free policy that benefits a tiny, monied minority at the expense of the rest of us, we need to demand democratic accountability for market abuses...
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"Demand a pluralistic market where dominant firms are subjected to controls and penalties, where you finally realize birthright of technological self-determination."
eof/
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It's hard to talk about the Epstein class without thinking about "The Economy" (in the sense of a mystical, free-floating entity whose health or sickness determines the outcomes for all of us, whom we must make sacrifices to if we are to prosper).
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As nebulous as "The Economy" is as an entity, there's an economic priesthood that claims it can measure and even alter the course of the economy using complex mathematics. We probably won't ever understand their methods, but we can at least follow an indicator or two.
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The best summary of Trump's trade "philosophy" comes from Trashfuture's November Kelly, who said that Trump is flipping over the table in a poker game that's rigged in his favor because he resents having to pretend to play the game at all.
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Ireland is a tax haven. In the 1970s and 1980s, life in the civil-war wracked country was hard - between poverty, scarce employment and civil unrest, the country hemorrhaged its best and brightest. As the saying went, "Ireland's top export is the Irish."
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Code is a liability (not an asset). Tech bosses don't understand this. They think AI is great because it produces 10,000 times more code than a programmer, but that just means it's producing 10,000 times more liabilities.
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We are about to get a "post-American internet," because we are entering a post-American *era* and a post-American *world*. Some of that is Trump's doing, and some of that is down to his predecessors.
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Look, I'm not trying to say that new technologies *never* raise gnarly new legal questions. But what I *am* saying is that a lot of the time, the "new legal challenges" raised by technology are somewhere between 95-100% bullshit.
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It's ginned up by none-too-bright tech bros and their investors, and then swallowed by regulators and lawmakers who are either so credulous they'd lose a game of peek-a-boo, or (likely) in on the scam.
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