monopolies | Chris Aldrich

Listened to Designed to Intimidate from On the Media | WNYC Studios

Millions tuned into impeachment hearings this week — the first two of five already scheduled. On this week’s show, why shifts in public opinion may not necessarily sway the GOP. Plus, what we can learn from the predatory tactics that enriched Bill Gates.

1. Nicole Hemmer [@pastpunditry], author of Messengers of the Right: Conservative Media and the Transformation of American Politics, on the false premise underlying hope for President Trump's removal. Listen.

2. John Dean [@JohnWDean] former White House counsel, on the lessons he's applying from Watergate to the impeachment hearings for President Trump. Listen.

3. Former Labor Secretary Rob Reich [@RBReich] and Goliath author Matt Stoller [@matthewstoller] on how billionaires like Bill Gates use their power and wealth to force their vision on society. Listen.

IndieWeb is the beginning of the end of the gilded age of social media. Major corporations like Facebook, Twitter, et al. have made having an internet presence and communicating with others simple and free. We now know that their definition of “free” is far from our definition.

It’s like the drug dealer who says you can get bribed or you can get a bullet. […] What you always see with monopolists who control an important platform: they use control of that platform to take control of markets that have to live on that platform.

— Matt Stoller, a Fellow at the Open Markets Institute, in On the Media: Designed to Intimidate [November 15, 2019]
Previously, Stoller was a Senior Policy Advisor and Budget Analyst to the Senate Budget Committee and also worked in the US House of Representatives on financial services policy, including Dodd-Frank, the Federal Reserve, and the foreclosure crisis.

Facebook values you at around $158.^[1]

Facebook profits off of its 1.4 billion daily users in a big way: According to its most recent filings with the Securities and Exchange Commission, the average revenue per user in 2017 was $20.21 ($6.18 in the fourth quarter alone). Users in the U.S. and Canada were worth even more because of how big the markets are.

—Money.com in March 2018

Now that you know what you and your data are worth, why not invest in yourself instead?

For about $5 a month or $60 a year, you can pay for an account on micro.blog and have a full suite of IndieWeb tools at your disposal. It’s simple, beautiful, but most importantly it gives you control of your own data and an open and independent presence on the entire web instead of a poor simulacrum of it walled away from everyone else. Of course there are other options available as well, just ask how you can get started.

🎧 Solving the Facebook Problem at Home and Abroad | On the Media | WNYC Studios

Listened to Solving the Facebook Problem at Home and Abroad by Bob Garfield from On the Media | WNYC Studios

When former Facebook co-founder Chris Hughes penned a New York Times op-ed calling for the breakup of the platform, he was lauded by anti-corporate politicians and the press. Then came a series of hard questions: how exactly would breaking up Facebook, which owns WhatsApp and Instagram, address free speech concerns? Or help stifle the spread of propaganda on the platform? And how would American regulations affect the majority of Facebook users, who live in the global south? According to Michael Lwin, an American-born antitrust lawyer living in Yangon, Myanmar, US regulators should tread lightly. He and Bob speak about how calls to break up Facebook could have wide ranging unintended consequences, especially outside of the US.

As bad as Facebook is, there are some potential second and multiple-order effects to be careful of when considering breaking them up or heavily regulating them.

📑 How Google and Amazon Got So Big Without Being Regulated | Wired

Annotated How Google and Amazon Got So Big Without Being Regulated by Tim Wu (WIRED)

But now it was all for the best: a law of nature, a chance for the monopolists to do good for the universe. The cheerer-in-chief for the monopoly form is Peter Thiel, author of Competition Is for Losers. Labeling the competitive economy a “relic of history” and a “trap,” he proclaimed that “only one thing can allow a business to transcend the daily brute struggle for survival: monopoly profits.” ❧

Sounds like a guy who is winning all of the spoils.

👓 There is no single solution to making the internet more decentralised – The art of the possible | The Economist

Read There is no single solution to making the internet more decentralised (The Economist)

Stopping the internet from getting too concentrated will be a slog, but the alternative would be worse

This has generally been an interesting series of articles in The Economist.

As John Sherman, the senator who gave his name to America’s original antitrust law in 1890, put it at a time when the robber barons ruled much of America’s economy: “If we will not endure a king as a political power, we should not endure a king over the production, transportation and sale of any of the necessaries of life.” ❧