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John Lanchester reviews ‘The Attention Merchants’ by Tim Wu, ‘Chaos Monkeys’ by Antonio García Martínez and ‘Move Fast and Break Things’ by Jonathan Taplin · LRB 17 August 2017
You are teh product
Automation and artificial intelligence are going to have a big impact in all kinds of worlds. These technologies are new and real and they are coming soon. Facebook is deeply interested in these trends. We don’t know where this is going, we don’t know what the social costs and consequences will be, we don’t know what will be the next area of life to be hollowed out, the next business model to be destroyed, the next company to go the way of Polaroid or the next business to go ...
facebook  google  surveillance  capitalism  advertising  attention  ml  data 
yesterday by ivar
Statues of Confederate soldiers across the South were cheaply mass-produced in the North — Quartz
One of the leading manufacturers was the Monumental Bronze Company of Bridgeport, Connecticut, which specialized in a cast zinc it called “white bronze” (a light gray or pale blue color). In 2015, the Associated Press dug into the company’s history: It sold life-size statues for just $450 and larger eight-and-a-half foot versions for $750. Commissioning marble or granite statues, meanwhile, would have cost tens of thousands of dollars.
history  capitalism  racism 
yesterday by campylobacter
To Remake the World: Slavery, Racial Capitalism, and Justice | Boston Review
In The Suppression of the African Slave Trade to the United States of America (1896), an extended description of the various heartless and cynical prevarications through which the United States evaded the suppression of the Atlantic slave trade, Du Bois made an argument about the character of historical time. There were, in his view, moments that were propitious for change, moments when it was possible—with courageous and concerted action—to remake the world in its own better image. The cost, for Du Bois, of missing those moments could only be reckoned in the blood of the subsequent generations who paid the price for their forebears’ failures. Perhaps we should heed his warning.
capitalism  racism 
2 days ago by alclaexman
The Rise of Market Power and the Decline of Labor’s Share -
A new paper argues that the decline of both the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been aided by a significant increase in markups and market power.
economics  finance  politics  capitalism 
2 days ago by kmt
The Californian Ideology | Mute
'Not to lie about the future is impossible and one can lie about it at will' - Naum Gabo
There is an emerging global orthodoxy concerning the relation between society, technology and politics. We have called this orthodoxy `the Californian Ideology' in
politics  culture  capitalism  economics 
3 days ago by basemaly
A Discussion of Thomas Piketty’s Capital in the Twenty-First Century: By How Much Is r Greater than g?   Liberty Street Economics
An explanation of the r > g formula central to Thomas Piketty's "Capital in the Twenty-First Century". In essence: when the return from capital exceeds the rate at which economic output is growing, wealth inequality will grow; he argues that this is destined to happen in the coming century.
economics  thomaspiketty  capitalism 
3 days ago by robmiller
4 Reasons the Left Should Care About Data and Surveillance | Novara Media
4. The way in which our data is sold and used is inherently capitalist – and surveillance is becoming more invasive as a result
capitalism  data  surveillance  government  corporatesurveillance  governmentsurveillance  indie  radar  facebook 
3 days ago by laurakalbag

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