Walmart founder Sam Walton had an iron-clad rule: his buyers were not allowed to take so much as a glass of water from salespeople. He understood that favors create an involuntary urge to reciprocity, and even the tiniest kindness from a salesman would corrupt his buyers.
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Walmart is a prolific campaign contributor, funneling millions to lawmakers under the fiction that this will not corrupt them or cloud their judgment so that they legislate to Walmart's benefit and the public's detriment.
This story epitomizes the contradiction of corporate lobbyists and their tame lawmakers: when corporations manage their own affairs, they place strict limits on conflicts of interest; but in the public sphere, they insist that these conflicts are immaterial.
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A possibly related fact: the top UK Conservative Party donors gave £8.2m to the party, and then secured £881m in no-bid government contracts to provide covid-related services, many of which were spectacularly botched.
It's tempting to see £881m in chumocratic largesse as a 100-to-1 return on investment, but that's not precisely right. Rather, as @bylinetimes points out, it's a kind of stochastic corruption.
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For decades, the Tories have promoted themselves as the party that would end public provision of services and replace it with fat private contracts, and so it attracted donors who valued this proposition, who then won those corrupt contracts.
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Top Tory donors get to join the elite party "Leaders' Group," which regularly dines with the PM and their ministers, guaranteeing them insider access when contracts are being drafted.
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Personnel are policy: when Trump appointed the ex-Verizon lawyer @AjitPai to run the @FCC, he set in motion a series of maneuvers that would compromise broadband access for all Americans, but especially the poorest people in the country.
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From the start, Pai's misconduct was breathtaking. His blockbuster manoeuvre was killing #NetNeutrality on the basis of obviously fraudulent, bulk-submitted comments from stolen identities and fake email addresses.
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Pai's act of neutracide has far-reaching consequences for everyone who depends on the internet, but other Pai policies were more narrowly targeted, raining down especially grave harms on the poorest, most vulnerable people in the country.
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Last week, Aaron Epstein, a 90-year-old legendary Angeleno, took out ads in the WSJ shaming AT&T for the abysmal quality of the broadband service he gets in North Hollywood.
Epstein pointed out that his neighbors are locked-down film industry professionals, totally dependent on fast internet for their livelihoods - but they are stuck with 3mpbs DSL.
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It worked: a week later, after national media attention, Epstein has 300mbps symmetrical fiber. AT&T figured that in this one instance, doing its job was more important than protecting its shareholders.
Republican North Dakota legislators have introduced #SB2333, a bill that prohibits large tech companies from locking their users into a single app store or payment processor.
While his has implications for Android and other large tech platforms, its most immediate and far-reaching effects with be on Apple, whose Ios platform uses lock-in to monopolize both apps and payments (and another domain, not mentioned in the bill: repairs).
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Predictably, this has thrown Apple into a fury, with Apple's privacy chief @erikn telling the SD legislature that Apple uses its monopoly over the app store to protect its users' privacy and security.
Back in the early 2010s, people started falling into open sewer entrances in New York City and other large metros - because a China-driven spike in the price of scrap metal, combined with post-2008 unemployment, gave rise to an army of metal-thieves.
A decade later, there's a new precarity- and bubble-fuelled metal-theft epidemic: stealing catalytic converters out of parked cars to harvest their palladium and rhodium for re-use in the global auto-sector, which is facing strict emissions controls.
Palladium and rhodium prices are soaring: palladium is up from $500/oz in 2016 to $2000-$2500/oz; rhodium rose from $640/oz to $21,900/oz (!). This puts a serious dent in auto profits - in 2019, the industry spent an extra $18b on metals (it was higher in 2020).
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Adam Curtis is a brilliant documentarian, and films like Hypernormalization and series like All Watched Over by Machines of Loving Grace had a profound effect on my thinking about politics, technology and human thriving.
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In this interview with The @idler's @TWHodgkinson, Curtis lays out a compact, incisive and important critique of the big social media platforms - and of their critics, who give these companies far too much credit.
Curtis puts Big Tech's self-serving boasts about how good it is at manipulating public opinion in the same bucket as other outlandish claims of secret, astounding accomplishments, such as those made by British spy agencies.
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