petej + monopolies   139

Universal Basic Income Is Silicon Valley’s Latest Scam
The real purpose of digital capitalism is to extract value from the economy and deliver it to those at the top. If consumers find a way to retain some of that value for themselves, the thinking goes, you’re doing something wrong or “leaving money on the table.”
SiliconValley  Uber  monopolies  UniversalBasicIncome  consumerism  ownership  cooperatives  capitalism  assets  inequality  redistribution  dctagged  dc:creator=RushkoffDouglas 
october 2018 by petej
How social media took us from Tahrir Square to Donald Trump - MIT Technology Review
Rather, the problem is that when we encounter opposing views in the age and context of social media, it’s not like reading them in a newspaper while sitting alone. It’s like hearing them from the opposing team while sitting with our fellow fans in a football stadium. Online, we’re connected with our communities, and we seek approval from our like-minded peers. We bond with our team by yelling at the fans of the other one. In sociology terms, we strengthen our feeling of “in-group” belonging by increasing our distance from and tension with the “out-group”—us versus them. Our cognitive universe isn’t an echo chamber, but our social one is. This is why the various projects for fact-checking claims in the news, while valuable, don’t convince people. Belonging is stronger than facts.
socialMedia  politics  activism  communication  ArabSpring  Egypt  TahrirSquare  Tunisia  Syria  Iran  Twitter  MubarakHosni  authoritarianism  power  control  ObamaBarack  targeting  technoUtopianism  bigData  misinformation  polarisation  NSA  security  Facebook  Google  monopolies  YouTube  algorithms  attention  insults  TrumpDonald  USA  Russia  trolling  interference  corruption  accountability  filterBubble  surveillance  platforms  personalData  inequality  precarity  insecurity  dctagged  dc:creator=TufekciZeynep  recommendations 
august 2018 by petej
getting real about Facebook – Snakes and Ladders
Facebook will not “change its mindset.” Ever.

Facebook’s “goal” is not “total connectedness,” it is the monopolization and monetization of your attention.

“Facebook will continue to bring thoughtless, banal harm to the world.” Period. There are no “human considerations,” nor will there ever be.

Billions of people will indeed “put up with that forever.”
Facebook  socialMedia  businessModels  regulation  power  monopolies  dctagged  dc:creator=JacobsAlan 
august 2018 by petej
Silicon Valley Is Not Your Friend - The New York Times
Growth becomes the overriding motivation — something treasured for its own sake, not for anything it brings to the world. Facebook and Google can point to a greater utility that comes from being the central repository of all people, all information, but such market dominance has obvious drawbacks, and not just the lack of competition. As we’ve seen, the extreme concentration of wealth and power is a threat to our democracy by making some people and companies unaccountable.

In addition to their power, tech companies have a tool that other powerful industries don’t: the generally benign feelings of the public. To oppose Silicon Valley can appear to be opposing progress, even if progress has been defined as online monopolies; propaganda that distorts elections; driverless cars and trucks that threaten to erase the jobs of millions of people; the Uberization of work life, where each of us must fend for ourselves in a pitiless market.

As is becoming obvious, these companies do not deserve the benefit of the doubt. We need greater regulation, even if it impedes the introduction of new services. If we can’t stop their proposals — if we can’t say that driverless cars may not be a worthy goal, to give just one example — then are we in control of our society? We need to break up these online monopolies because if a few people make the decisions about how we communicate, shop, learn the news, again, do we control our own society?
SiliconValley  Google  Facebook  personalData  monopolies  power  accountability  control  ethics  regulation 
october 2017 by petej
Notes From An Emergency
How is it that some dopey kid in Palo Alto gets to decide the political future of the European Union based on what they learned at big data boot camp? Did we lose a war?

Silicon Valley brings us the worst of two economic systems: the inefficiency of a command economy coupled with the remorselessness of laissez-faire liberalism.
nationalism  TrumpDonald  Europe  USA  SiliconValley  Facebook  Google  Amazon  Microsoft  Apple  monopolies  surveillance  personalData  security  authoritarianism  regulation  globalisation  tradeUnions  resistance  accountability 
may 2017 by petej
The Leviathan of Silicon Valley
"There are hundreds of startups in Berlin — some of them are nonprofit groups — that are trying to fight surveillance with cool apps. To me, fighting what I perceive to be the cutting edge of neoliberal capitalism with an app is probably as stupid as fighting the European Central Bank and austerity measures with an app; it requires a very different approach. It requires a political campaign, it requires a political force on the ground, it requires social movements and proper analytical and economic analysis of the forces that have produced the problem that you’re trying to solve — in this case the problem of privacy.

Unfortunately, we in Europe, for the most part, have been completely caught up in this simplistic mindset, whereby we either opt for new legal solutions, or we encourage entrepreneurs to build apps that will deliver privacy."
SiliconValley  informationTechnology  monopolies  neoliberalism  Google  SchmidtEric  data  personalData  control  surveillance  NSA  policing  privatisation  infrastructure  SnowdenEdward  commodification  financialisation  dctagged  dc:creator=MorozovEvgeny 
january 2016 by petej
‘Bitcoin is Teaching Realism to Libertarians': An Interview With Old-School Cypherpunk Vinay Gupta
"The primary function of Bitcoin, the long-term political value of this experiment more than any other single factor I can identify, is that it’s teaching realism to libertarians.

Libertarianism simply does not prevent the establishment of monopolies, cartels, or power-law distributions of wealth. Never has, never will. Libertarians needed to see that happen in order to understand that their ideology is actually not going to protect them against centralized power.

Now they will need to decide: did they want libertarianism, where property is used to divide everything? Or did they want anarchy, where it’s our inherent human nature that gives us freedom, not our property rights.

If these libertarians would be good enough to grow the hell up and become anarchists like normal people, then perhaps they would start to get serious about controlling centralized authorities rather than fantasizing that they will cease to exist."
Bitcoin  state  libertarianism  power  WallStreet  finance  monopolies  control  anarchism  property 
november 2014 by petej
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