Why we have to notice when capitalism goes off the rails, as in fake markets like Facebook and Uber
March 31, 2017
- I've spent my last dime with Amazon (they would take it if they could get it). I just used up a gift card, and future gift cards will be given away to someone desperate.
- I'm considering giving up on Facebook, but I think I'll just do my best to avoid letting them make any money. (Also my policy toward any media owned by Rupert Murdoch.)
- Divorcing Google will be the most difficult. They've insinuated themselves into the infrastructure of my business. But I will start using search engines like DuckDuckGo.
- I'm not giving up Apple products, but I will not become a 'sheeple' as my son warns.
Anil Dash brilliantly points out that these fake markets appear to offer businesses the chance to become sustainable but then exploit them ruthlessly, driving their profits to zero.
"I'm mad as hell and not going to take it anymore." I'm not going to fall for the lure of convenience, and you shouldn't either. Choose to consume goods and services from people you know and trust.
A Blog About Making Culture: Tech and the Fake Market Tactic, 2071-Mar-1 by Anil Dash
Worse, we’ve lost the ability to discern that a short-term benefit for some users that’s subsidized by an unsustainable investment model will lead to terrible long-term consequences for society. We’re hooked on the temporary infusion of venture capital dollars into vulnerable markets that we know are about to be remade by technological transformation and automation. The only social force empowered to anticipate or prevent these disruptions are policymakers who are often too illiterate to understand how these technologies work, and who too desperately want the halo of appearing to be associated with “high tech”, the secular religion of America.
It’s essential we develop a vocabulary for talking about these issues...