From Pine View Farm

Mammon category archive

The Fee Hand of the Market, Reprise 0

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The Fee Hand of the Market 0

Frame One:  Executive reading news story about

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“Because We Can” 0

See the transcript.

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Facebook Frolics 0

News you could lose.

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All That Was Old Is New Again, Coralling Customers Dept. 0

If you are like us, you’ve probably found yourself relying more on streaming services for diversion and documentaries in these viral times. At the same time, you may have also noticed the proliferation of media streaming services and encountered increasing difficulty finding something worth your while and conveniently available amongst the deluge of drek and the torrent of trash.

The EFF makes a convincing argument we’ve seen this all before.

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Q. Bankrupt Just How? 0

A. Morally.

Via C&L, which has commentary.

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Freeloaders 0

Man labeled

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Twits on Twitter 0

Apologetic twits.

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Facebook Frolics 0

Hackers assimilate the Zuckerborg frolics.

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The Pusher Men 0

See the transcript.

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Dogged Pursuit 0

Fleeing mail man being chased by snarling dog labeled

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Twits on Twitter 0

Prime twits.

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Thinking and Praying 0

Frame One. titled

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Do the Math 0

Title:  Math Class on Class Math.  Text:  The average paay of a CEO of the top 350 U. S. firms was $21.3 million in 2019.  Quiz:  How long would it take a minimum wage worker to earn that much?  Answer:  At 40 hours a week, 52 weeks a year, and a worklife of 50 years, it would take over 13 lifetime (but that assumes the minimum wage is raised to $15/hour).

Via Juanita Jean.

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Follow the Money 0

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Facebook Frolics 0

Zuckerborg assimilation frolics. Here’s a bit from the EFF’s deep dive into Facebook’s proposal for “reforming” the decades old law that regulation the internet; follow the link for the complete piece.

It’s galling that at the same time Zuckerberg praises Section 230 for creating “the conditions for the Internet to thrive, for platforms to empower billions of people to express themselves online,” he simultaneously calls on Congress to change the law to prevent any innovation or competition that could disrupt Facebook’s market position. Zuckerberg is admitting that after Facebook has benefited from Section 230, he doesn’t want any other competitor to do the same. Rather than take up Facebook’s proposal, Congress should instead advance meaningful competition and antitrust reforms to curtail the platform’s dominance.

Afterthought:

I believe that law is long overdue for a second look. The central provision currently in question was designed to protect neutral platforms from liability for content posted by users.

At the time the law was enacted, the primary platforms were web hosting providers, BBSes, and services such as AOL and Compuserve.

The era of the algorithm had not yet arrived. I believe that now, in the era of the algorithm, when platforms manipulate content to promote “engagement” and “attract eyeballs,” those platforms are no longer neutral in any sense and should be held accountable for the actions of their algorithms.

But the Zuckerborg’s plan to perpetuate its predominance is not the way to go about it.

Rather, what we need is another Teddy Roosevelt.

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Vaccine Nation, the Rich Are Different from You and Me Dept. 0

It’s not what you know, it’s who you know.

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Exceptions 0

Michael in Norfolk catalogs the contrasts. A snippet:

Politicians of both major political parties bloviate about “American exceptionalism,” yet among advanced nations America is exceptional for its failures to provide universal health care and to simply maintain its infrastructure. The nation is a study in contrasts of immense wealth and abject poverty with the highest child poverty rate, access to the best technology and where poor students have to sit outside of fast food restaurants and Starbucks to access the Internet for virtual schooling during the ongoing pandemic.

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Forever Faithful to the Financially Flush 0

Two Republican Elephants watch Democrats unload cargo from truck labeled

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It’s All about the Algorithm 0

David Adkins.

The article defies summary, but is too important to miss. Read the whole thing.

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