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Commentary: How We Can Stop the Tech Monopoly Takeover | Fortune
The size and scale of Facebook, Google, Amazon, Apple, and Microsoft threaten American democracy. Is it too late to stop them?
data  privacy  monopoly  facebook  google  apple  amazon  2018  fortune  anti-trust 
3 days ago by wmaceyka
The paradox of markups, part 2
t refers to the fact that the weights in the weighted average of markups change over time. Recall that holding markups constant, if you push more resources into high-markup firms, this raises productivity because the output of those firms is very valuable. The yellow line shows that productivity was rising over time due to this effect, and that in turn implies that more and more resources were getting pushed into high markup firms.
productivity  monopoly  housing  markups  bubble  economics 
9 days ago by yorksranter
Twitter
Giant Outdoor for my son's 10th birthday party. Incl. special surprise event cards... 😬
Monopoly  from twitter_favs
11 days ago by grzbielok
Spotify's 'Got You by the Balls' — And Now They're Testing Out a Price Increase
An interesting point. The unicorns are big but they are still VC startups. At some point they have to transition to positive FCF. Is this the moment we realise how much concentration has increased?
spotify  music  inflation  monopoly  ovum 
23 days ago by yorksranter
The tech titans must have their monopoly broken – and this is how we do it
First, we must revive the trust-busting spirit of previous generations. Competition authorities should be primarily concerned with takeovers which stifle innovation or involve the acquisition of large quantities of valuable data.

More radically, companies should be broken up when their size becomes economically detrimental.
2018  opinion  monopoly  capitalism  regulation 
4 weeks ago by bignose
In blockchain we trust - MIT Technology Review

These costs are rarely acknowledged or analyzed by the economics profession, perhaps because practices such as account reconciliation are assumed to be an integral, unavoidable feature of business (much as pre-internet businesses assumed they had no option but to pay large postal expenses to mail out monthly bills). Might this blind spot explain why some prominent economists are quick to dismiss blockchain technology? Many say they can’t see the justification for its costs. Yet their analyses typically don’t weigh those costs against the far-reaching societal cost of trust that the new models seek to overcome.


The need for trust, the cost of it, and the dependence on middlemen to provide it is one reason why behemoths such as Google, Facebook, and Amazon turn economies of scale and network-effect advantages into de facto monopolies. These giants are, in effect, centralized ledger keepers, building vast records of “transactions” in what is, arguably, the most important “currency” in the world: our digital data. In controlling those records, they control us.


The crypto bubble, like the dot-com bubble, is creating the infrastructure that will enable the technologies of the future to be built. But there’s also a key difference. This time, the money being raised isn’t underwriting physical infrastructure but social infrastructure. It’s creating incentives to form global networks of collaborating developers, hive minds whose supply of interacting, iterative ideas is codified into lines of open-source software. That freely accessible code will enable the execution of countless as-yet-unimagined ideas. It is the foundation upon which the decentralized economy of the future will be built.
blockchain  economics  finance  banks  history  google  facebook  linkedin  walledgarden  monopoly  opensource  future  2018  mustread 
5 weeks ago by WimLeers

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