Mark Blyth, the economist who's making sense

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Justin-case

Justin-case

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Fogdog said:
uhhh, no

eventually the moon will settle into a stable orbit, roughly 50 Billion years from now. Humankind will either be extinct or living among the stars by then. The sun would have become a red dwarf before then and conditions on earth would no longer be suitable for our species. Putting this into perspective, homo sapiens has been around for about 200,000 years. Considering what people have done in that period, a million years is plenty of time for us to figure out space travel.

We have to make it past Trump first, however.
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I thought the moon was cheese.
 
Fogdog

Fogdog

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ttystikk said:
https://www.buzzfeed.com/bensmith/theres-blood-in-the-water-in-silicon-valley?utm_source=nextdraft&utm_medium=email&utm_term=.kl0mzwggq#.xfl6gbAAq

FINALLY, America's political class is waking up to the rampant monopolism that is at the heart of silicon valley's 'growth through innovation'.
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I don't think that monopolism is at the heart of Silicon Valley's "growth through innovation". Big tech companies stifle real innovation more than foster it. In any case, that wasn't the thrust of the article.

What I read in the article was that the political class is concerned about how these tech giants are moving into much larger spheres of influence, such as Facebook's role in the election of Trump. Google is getting downright scary when they control not only how information is retrieved but is now manipulating and guiding what information goes to each user. Taken together, what the big three (Google, Amazon, Facebook) know about each person and what they can do with that information is practically unbounded because our privacy laws suck.

Anti-trust laws are in place to prevent companies from unfairly controlling markets. While they pose a corporate threat to existing power structures, I'm not aware of them breaking anti-trust laws, like Microsoft did in the '80's, so what's with the reference to monopoly?
 
Gquebed

Gquebed

Well-Known Member
Fogdog said:
I don't think that monopolism is at the heart of Silicon Valley's "growth through innovation". Big tech companies stifle real innovation more than foster it. In any case, that wasn't the thrust of the article.

What I read in the article was that the political class is concerned about how these tech giants are moving into much larger spheres of influence, such as Facebook's role in the election of Trump. Google is getting downright scary when they control not only how information is retrieved but is now manipulating and guiding what information goes to each user. Taken together, what the big three (Google, Amazon, Facebook) know about each person and what they can do with that information is practically unbounded because our privacy laws suck.

Anti-trust laws are in place to prevent companies from unfairly controlling markets. While they pose a corporate threat to existing power structures, I'm not aware of them breaking anti-trust laws, like Microsoft did in the '80's, so what's with the reference to monopoly?
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I believe that the article should have used the term "economy of scale" in place of monopoly?
They can create a de facto monopoly. And tech companies have done that, inadvertantly.
 
S

schuylaar

Well-Known Member
Fogdog said:
uhhh, no

eventually the moon will settle into a stable orbit, roughly 50 Billion years from now. Humankind will either be extinct or living among the stars by then. The sun would have become a red dwarf before then and conditions on earth would no longer be suitable for our species. Putting this into perspective, homo sapiens has been around for about 200,000 years. Considering what people have done in that period, a million years is plenty of time for us to figure out space travel.

We have to make it past Trump first, however.
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nice google..verbatim, cut and paste.

i actually did see something recently that suggested otherwise..these days google algorithm is questionable.
 
Justin-case

Justin-case

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It would have been dope. Heads would have exploded in the the house and Senate. Republican safe spaces would've had to been installed through out the capital. Where cries of emails, Benghazi and adutry could be heard billowing from within.

At the g20 her, Merkel, and Macron would've been double high fiving, bumping fist and smacking down climate change over a few drinks.

What could've been? She definitely wouldn't be golfing, that'd be nice. Bill would be reminisced, wondering the halls searching for a misplaced cigar or two, no harm there. And maybe her book could've been called "that's what's up"
 
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Fogdog

Fogdog

Well-Known Member
Gquebed said:
I believe that the article should have used the term "economy of scale" in place of monopoly?
They can create a de facto monopoly. And tech companies have done that, inadvertantly.
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Monopoly by itself isn't illegal whereas unfair anti-competitive practices to create or maintain a monopoly are. It could be that our anti-trust laws aren't up to regulating the new economy for new forms of anti-competitive practices. I just don't know what those are. I'm not close enough to the situation to know.

For me, I've never been willing to give Facebook the personal information they require to sign up for an account. Google, on the other hand knows more than I care for them to know about me. Amazon just knows that I bought some cookware, no big deal.

They are huge, powerful and a potential or perhaps a current threat. I don't know what can or should be done about that.
 
Fogdog

Fogdog

Well-Known Member
Justin-case said:
It would have been dope. Heads would have exploded in the the house and Senate. Republican safe spaces would've had to been installed through out the capital. Where cries of emails, Benghazi and adutry could be heard billowing from within.

At the g20 her, merkle, and macron would've been double high fiving, bumping fist and smacking down climate change over a few drinks.

What could've been? She definitely wouldn't be golfing, that'd be nice. Bill would be reminisced, wondering the halls searching for a misplaced cigar or two, no harm there. And maybe her book could've been called "that's what's up"
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This feels like a round of jeopardy.

And the question is:
Would Clinton have carried the DNC in the direction Obama oriented it?

different thread.
 
Gquebed

Gquebed

Well-Known Member
Fogdog said:
Monopoly by itself isn't illegal whereas unfair anti-competitive practices to create or maintain a monopoly are. It could be that our anti-trust laws aren't up to regulating the new economy for new forms of anti-competitive practices. I just don't know what those are. I'm not close enough to the situation to know.

For me, I've never been willing to give Facebook the personal information they require to sign up for an account. Google, on the other hand knows more than I care for them to know about me. Amazon just knows that I bought some cookware, no big deal.

They are huge, powerful and a potential or perhaps a current threat. I don't know what can or should be done about that.
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What about Equifax? Lol
 
Grandpapy

Grandpapy

Well-Known Member
ttystikk said:
They're big enough to be above the law, just like the Too Big To Fail banks.

So they can commit any crimes they like.
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Are we still 20 years ahead of China in terms of Commerce Streamlining?

Is there a difference in US Global economy compared to the PRC Global economy?

Lets hope were never late for work. Comrade.

Luckily, a "blacklisting system" has already been created that can seamlessly be tied right into the social credit system. The system is designed to automatically provide "green lanes" for faster access to government services for "well-behaved" citizens while levying travel bans and other punishments on those who get out of line.
 
st0wandgrow

st0wandgrow

Well-Known Member
Justin-case said:
It would have been dope. Heads would have exploded in the the house and Senate. Republican safe spaces would've had to been installed through out the capital. Where cries of emails, Benghazi and adutry could be heard billowing from within.

At the g20 her, Merkel, and Macron would've been double high fiving, bumping fist and smacking down climate change over a few drinks.

What could've been? She definitely wouldn't be golfing, that'd be nice. Bill would be reminisced, wondering the halls searching for a misplaced cigar or two, no harm there. And maybe her book could've been called "that's what's up"
Click to expand...
*wandering
 
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