Big Tech Cannot Be Regulated
AI summary of the linked articleBig Tech platforms cannot be regulated like the trusts, cartels or conglomerates of the past, according to the article's central claim, because their universal nature is why users rely on them. The article says that if regulators tried to break up Facebook or TikTok, enraged users would oppose them. It opens by asking whether Google, Amazon or Meta differ inherently from Standard Oil in the 1920s, IBM in the 1970s or Walmart more recently in their market power over people. |
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1 comment  While it is true that the tools of the past won't help in the current economic-technological environment, I find it hard to believe that he will find many friends for collective action: "Every proletarian is turning into a cloud-prole during working hours and into a cloud-serf the rest of the time. Every self-employed struggler mutates into a cloud-vassal and a cloud-serf." |
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