Showing posts with label Monopoly. Show all posts
Showing posts with label Monopoly. Show all posts

Saturday, September 9, 2017

Don't be evil... oh well, perhaps a little bit


Don't be evil was, of course, Google's motto. The New York Times had a piece recently on the firing of Barry Lynn from the New America Foundation, a Democratic think tank that, if memory doesn't fail me, was at least initially connected to the Clintons. The whole thing resulted from the fact that Lynn was favorable to the European Union regulation of Google, a major donor to the think tank.

Given that I've been writing about the influence of corporate money in academia, I thought it was a good idea to link to this other story about Google's perverse influence in the public debate. In my view, Google is not on the cancer-denying or climate-change-denying business simply as a result of a market structure phenomena. And in many ways Google and Facebook (don't get me wrong Amazon is also dangerous, but in a different way, they still sell stuff, whereas the other two sell your information), or Big Internet, are more dangerous than Big Tobacco and Big Oil.

Wednesday, May 31, 2017

Internet and public investment in infrastructure

I've seen this graph in an interesting book by Jonathan Taplin (Move Fast and Break Things; highly recommend, btw) on how the big internet firms Google and Facebook essentially (but also Amazon) have become the new monopolies of our gilded age. He discusses mostly the effects on the entertainment business, but the implications are far-reaching of course. Below the share of fiber optics connections as a share of total broadband connections in OECD countries (Taplin uses this graph in the book).
Note that the US lags behind (I'm assuming things didn't change much since Dec. 2015). So here there would be a huge benefit from public investment in infrastructure. Not that I think this would happen any time soon.

What to expect from the incoming government in Argentina

The government in Argentina has less than two weeks at this point. It is too early to pass judgment. But we can look at the legacy of the M...