Showing results for "Monopoly Politics" in All Categories

What do Google, Snapchat, Tinder, Amazon, and Uber have in common, besides soaring market share? They're platforms - a new business model that has quietly become the only game in town. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather than making things, they simply connect people. The advent of mobile computing and its ubiquitous connectivity have forever altered how we interact with each other. Yet, few people truly grasp the radical structural shifts of the last 10 years.

In today’s chaotic world, where the multiplication of information sources creates competing narratives, credibility is the key to winning the war of ideas. This is the reason why governments and corporations resort to astroturfing - creation of ostensibly grassroots movements set up to advance political agendas and commercial campaigns. The democratization of information and polarization of politics offer a perfect storm.

Over the last 40 years our choices have narrowed, our opportunities have shrunk, and our lives have become governed by a handful of very large and very powerful corporations. Today, practically everything we buy, everywhere we shop, and every service we secure comes from a heavily concentrated market. This is a world where four major banks control most of our money, four airlines shuttle most of us around the country, and four major cell phone providers connect most of our communications.

Pork-barrel projects like the $452 million “bridge to nowhere” and Keynesian economic debacles like the $840 billion stimulus package that saved as few as 600,000 jobs ($1.4 million per job) have led to a staggering $20 trillion in national debt - about $150,000 per citizen. With most members of Congress focusing only on their own interests, it’s time to smash the DC elitists’ monopoly and rein in spending and extra-constitutional overreach.

"Forget AT&T. The Real Monopolies Are Google and Facebook." is from the December 13, 2016 Opinion section of The New York Times. It was written by Jonathan Taplin and narrated by Kristi Burns.