Yesterday threads: NYC's driver-owned Uber alternative; Amazon running scared from arbitration at scale; How the Dutch helped CBS cheat on its taxes; and more!
My latest novel is Attack Surface, a sequel to my bestselling Little Brother books. @washingtonpost called it "a political cyberthriller, vigorous, bold and savvy about the limits of revolution and resistance."
My book "How to Destroy Surveillance Capitalism" is a critique of Big Tech connecting conspiratorial thinking to the rise of tech monopolies (proposing a way to deal with both) is now out in paperback:
My ebooks and audiobooks (from @torbooks, @HoZ_Books, @mcsweeneys, and others) are for sale all over the net, but I sell 'em too, and when you buy 'em from me, I earn twice as much and you get books with no DRM and no license "agreements."
My first picture book is out! It's called Poesy the Monster Slayer and it's an epic tale of bedtime-refusal, toy-hacking and monster-hunting, illustrated by Matt @MCRockefeller. It's the monster book I dreamt of reading to my own daughter.
If you're a @Medium subscriber, you can read these - as well as previews of upcoming magazine columns and early exclusives on doctorow.medium.com.
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If you prefer a newsletter, subscribe to the plura-list, which is also ad- and tracker-free, and is utterly unadorned save a single daily emoji. Today's is "🧦". Suggestions solicited for future emojis!
It's been eight years since @aaronsw took his own life. Aaron had been charged with 13 felonies under the Computer Fraud and Abuse Act (#CFAA) for violating the terms of service on the @JSTOR database of scholarly articles.
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Prosecutors Stephen Heymann and Carmen Ortiz didn't dispute that Aaron was allowed to access the articles he retrieved. Rather, they said that the WAY he accessed them (using a script instead of clicking on links) was a terms-of-service violation and hence a crime.
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In other words: any business could conjure a felony out of thin air by making you click through an unreadable garbage-novella of legalese proscribing the use of a service they granted you access to. Violate any of those terms and you face a prison sentence.
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Almost without exception, people who invest in businesses do so without personally inspecting the business, overlooking its processes, seeing its bank statements, meeting its managers and going on the road with its sales-force.
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Whether you're managing a giant pension fund, buying into a fund with your 401k, or buying stocks (or STONKS) you likely have little to no direct experience of the firm you're buying into. At best, you have visited a retail premises or tried a product, but that's very thin.
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Even if you think a business operates a tidy and efficient store, even if you love its products, you still have no basis to assess whether it is a sound investment. Maybe the business is selling products at a loss and teetering on the verge of bankruptcy.
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Doctors use the term "crisis" to refer to the crossroads where the patient improves or goes into terminal decline. In that sense, we are living through a major crisis, a juncture revealed by the pandemic that we have yet to traverse.
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(If you'd like an unrolled 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:)
For 40 years, the gospels of market efficiency and shareholder value have demanded that we dismantle the state (because markets are efficient, while states are not) and hollow out companies ("trimming fat" to serve the almighty shareholder).
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When you think about tax-havens, you probably think about Caribbean "treasure islands," the ex-colonies whose erstwhile conquerors set them up as dependent financial secrecy jurisdictions whose economies were doomed to be stunted forever.
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But in truth, the most harmful tax-havens are "onshore-offshore," notorious jurisdictions like Delaware, Nevada and Wyoming, or, in the EU, Malta, Luxembourg, Cyprus and the Netherlands.
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The Dutch are among the most enthusiastic hosts to financial crimes. That's how Uber cheats on its taxes: it has 50 Dutch shell companies that it launders its money through.