Cory doesn’t miss

I find the intermediary classification a bit unconvincing and perhaps unintentionally misleading. It sounds like a nice framework to look at the world and it does describe the particular domain alright and it allows for drawing useful conclusions. Unfortunately solving the problems it highlights would produce marginal gains because I think intermediaries as described are just a special case of something more general. Firms of any kind are acting as intermediaries in the exchange of the products of people’s labor. The effects are all the same, these intermediaries make the exchange easier at the expense of keeping some of the labor products from one end or the other, but usually both. It seems to me that the problem of the platform intermediaries power is just a special case of the power of firms over labor. Which really reduces to the problem of the power of capital over labor. If we somehow solve the platform intermediaries problem, we leave the general problem unsolved. And then if we don’t think in terms of the general problem, we can’t even solve the special problem because the tools needed are controlled by capital. That is the lawmakers who could change the law are paid by the powerful intermediaries (firms) and not by the people on either end of the intermediaries. If we hope to ever solve any of this I think we have to look at the world through the general lens and focus on ways to reduce the amount of capital accumulated by firms from people’s labor. Fortunately there are well known solutions for that and they’re actionable for most people.

We also need competition and for decades now the offices that were supposed to safe guard us from monopolies have been green lighting again and again mergers and acquisitions that result in only one or two dominant players in every market. There should be a blanket rule that if there are less than 10 companies (of somewhat similar scale) operating in some market none of them are allowed to merge or acquire each other.

I think the author was too generous, the majority of signups are bots/AI mixed with super casual side accounts. 2.2 million Brazilians sign-up in a couple days? I call bullshit. Even if that were true, they signed-up and don’t use it. Why do I believe that?

It’s because the awesome account I follow Quanta Magazine gets 20 hearts/likes/whatever and often less than 10, with 0 or 1 comment. Super weak interaction across the whole platform if you check out accounts that should be popular.

Doctorow is a gem. Great article, thanks for posting. I basically agreed with everything he said.

oof they picked the wrong week to stop sniffing glue

Plus, check this out. The platform says I have 12 followers but only 4 show up. Major problems over there.