Google, Facebook, Amazon undermine democracy: They play a role in destroying privacy, producing inequality

Google, Facebook, Amazon undermine democracy: They play a role in destroying privacy, producing inequality

Author Jonathan Taplin discusses the ways Ayn Rand's cruel libertarianism has permeated Silicon Valley and beyond

Google, Facebook, Amazon undermine democracy: They play a role in destroying privacy, producing inequalityFILE - In this Wednesday, May 16, 2012, file photo, a Facebook logo is displayed on the screen of an iPad, in New York. A Facebook video of an Ohio man shooting a 74-year-old retiree in Cleveland was up for three hours Sunday, April 16, 2017, after it was posted, raising questions about the social-media network's process for taking down objectionable content posted by its users. The company said it does not allow such "horrific crime" on Facebook. It did not immediately respond to further questions about the incident. (AP Photo/James H. Collins, File)(Credit: AP)


Most of us are active on Facebook, use many of Google’s assets (search, YouTube, calendar) and get Amazon products dropped at our doorsteps. But have we ever stopped to think about the enormous impact these three companies have had on our lives and our society?
Well, Jonathan Taplin has given it a lot of thought. The result is a breakthrough, must-read book, “Move Fast and Break Things: How Facebook, Google and Amazon Cornered Culture and Undermined Democracy.” The book tells the tale of how the internet “was hijacked by a small group of right-wing radicals [led by Trump supporter Peter Thiel] for whom the ideas of democracy and decentralization were an anathema.”
The upshot is that the dominant philosophy of Silicon Valley became heavily based on the radical libertarian ideology of Ayn Rand. The internet is not the product of any mythical cooperative notion as the public may think, shaped by the pervasive, effectively marketed illusion of goodness symbolized by Google’s tagline: “Don’t Be Evil” (changed to “Do the Right Thing” in 2015 in Google’s code of conduct).
The result: “Not since Rockefeller and J.P. Morgan has there been such a concentration of wealth and power” in the hands of so few, according to Taplin’s book. “And the enormous unprecedented fortunes created by the digital revolution have done much to increase inequality in America.”
The five largest firms in the world (based upon market valuation) are Apple, Google (now known as Alphabet), Microsoft, Amazon and Facebook. In terms of their monopoly power, Google has an 88 percent market share in search and search advertising. Google’s Android operating system has an 80 percent global market share in its category. Amazon has a 70 percent market share in ebooks, and 51 percent of goods purchased online are from Amazon. Facebook has a 77 percent share on mobile social media. Google and Facebook have more than one billion customers, and Amazon has 350 million.
As their “relentless pursuit of efficiency leads these companies to treat all media as commodity,” according to Taplin, “the real value lies in the gigabytes of personal data scraped from your profile as you pursue the latest music video, news article or listicle.”
The value amassed from their methods is enormous. Larry Page, Sergey Brin, Mark Zuckerberg and Jeff Bezos are in the top 10 of the wealthiest people in America, according to the Forbes 400 list. Each has a personal fortune worth over $37 billion, with Bezos recently becoming the second wealthiest person in the world with a net worth of $75.6 billion.
Jonathan Taplin is an insider/outsider in the music, film and tech businesses. His career stretches from his college days as a roadie and tour manager for The Band and Bob Dylan, to a collaborator and producer of music, film and TV for 30 years, working with Martin Scorsese, among others. He started his own tech business only to run up against many of the realities he describes in his book. He has been a longtime professor and is currently director emeritus of the Annenberg Innovation Lab at the University of Southern California.
Taplin’s book is a tour de force — a compelling, story-driven work focusing on the handful of men who have shaped and essentially taken over the massive tech industry. Along the way, Taplin tells his own personal story with charm and insight. If you want to understand what has happened to our country and where tech will take us in the era of Trump, put aside some time to read this book. It will take your breath away.

No comments:

Powered by Blogger.