Connect with us

Tech

Big Tech Revolt Of 2018

Published

on

(Via Zerohedge)
By TD

Something must be terribly wrong with the world. A few days ago Elizabeth Warren agreed with Trump on China, now Bernie Sanders agrees with him about Amazon.

What’s happening?

Bernie Sanders Agrees With Trump: Amazon Has Too Much Power

Independent Vermont senator and 2016 presidential hopeful Bernie Sanders echoed President Donald Trump in expressing concern about retail giant Amazon. Sanders said that he felt Amazon had gotten too big on CNN’s “State of the Union” Sunday, and added that Amazon’s place in society should be examined.

“And I think this is, look, this is an issue that has got to be looked at. What we are seeing all over this country is the decline in retail. We’re seeing this incredibly large company getting involved in almost every area of commerce. And I think it is important to take a look at the power and influence that Amazon has,” said Sanders.

A backlash against Facebook, a backlash against Amazon. Are these things connected? Actually, yes, they are connected. But not in a way that either Trump or Sanders has clued in to. Someone who has, a for now lone voice, is David Stockman. Here’s what he wrote last week.

The Donald’s Blind Squirrel Nails An Acorn

It is said that even a blind squirrel occasionally finds an acorn, and so it goes with the Donald. Banging on his Twitter keyboard in the morning darkness, he drilled Jeff Bezos a new one – or at least that’s what most people would call having their net worth lightened by about $2 billion:

“I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!” You can’t get more accurate than that. Amazon is a monstrous predator enabled by the state, but Amazon’s outrageous postal subsidy – a $1.46 gift card from the USPS stabled on each box – isn’t the half of it.

The real crime here is that Amazon has been exempted from making a profit, and the culprit is the Federal Reserve’s malignant regime of Bubble Finance. The latter has destroyed financial discipline entirely and turned the stock market into the greatest den of speculation in human history. That’s why Bezos can kill established businesses with impunity.

The casino allows him to run a pernicious business model based on “price to destroy”, rather than price for profit and a return on capital.Needless to say, under a regime of sound money and honest capital markets Amazon would be a far more benign economic creature. That’s because no real investors would value AMZN’s money-loosing e-Commerce business at $540 billion – nor even a small fraction of that after 25-years of profitless growth.

The bubble economy, the everything bubble, that we have been forced into, with QE, ultra-low rates, central banks buying trillions in what at least used to be assets, and massive buybacks that allow companies to raise their ‘value’ into the stratosphere, has enabled a company like Amazon to kill off its competition, which consists of many thousands of retailers, that do have to run a profit.

It’s a money scheme that allows many of the most ‘valuable’ tech companies to elbow their way into our lives, in ways that may seem beneficial to us at first, but in reality will only leave us behind with much less choice, far less competition, and many, many fewer jobs. Once it’s done someone will mention ‘scorched earth’. But for now they are everybody’s darlings; they are, don’t you know, the tech giants, the brainchildren of the best that the best among us have to offer.

They don’t all work the exact same way, which may make it harder to recognize what they have in common. For some it’s easier to see than for others. It’s also difficult to list them all. Here’s a few: Apple, Amazon, Facebook, Google (Alphabet), Tesla, Uber, Airbnb, Monsanto. Let’s go through the list.

Apple ? Yes, Apple too. But they make real things! Yes, but just as Apple CEO Tim Cook seeks to distance his company from the likes of Facebook on morals and ethics, he can’t deny that Apple sells a zillion phones to a large extent because everybody uses them to look at Facebook and Alphabet apps until their faces are blue. If data ethics are the only problem Cook sees, he’s in trouble.

Silicon Valley infighting shows that the industry does have an idea what is going wrong, in ways that should have already led to many more pronounced worries and investigations.

Full Article

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

The Clash of Titans: X’s Shutdown in Brazil

Published

on

In an unprecedented move, Brazil’s Supreme Court has ordered the nationwide suspension of X, the social media platform formerly known as Twitter, marking a significant escalation in the ongoing feud between the platform’s owner, Elon Musk, and Brazilian authorities. This decision stems from Musk’s refusal to comply with court orders to appoint a legal representative in Brazil and to suspend certain accounts accused of spreading misinformation and hate speech.

The tension reached a boiling point when Justice Alexandre de Moraes gave X a 24-hour ultimatum to name a representative or face a complete operational shutdown in Brazil. Musk’s response was to close X’s office in Brazil, citing threats of arrest against his staff for non-compliance with what he described as “secret censoring orders.” This move has left millions of Brazilian users in the dark, with the platform going offline across the nation.

The implications of this standoff are manifold. Firstly, it pits the concept of free speech, as championed by Musk, against Brazil’s judicial efforts to curb what it sees as the spread of dangerous misinformation. Critics argue that this is a test case for how far nations can go in regulating global digital platforms. Secondly, the economic impact on X cannot be understated, with Brazil being one of its significant markets.

The situation has also sparked a debate on digital sovereignty versus global internet freedom. While some see Justice de Moraes’s actions as necessary to protect Brazilian democracy, others view it as an overreach, potentially stifling free expression. As X users in Brazil scramble to find alternatives or use VPNs to bypass the ban, the world watches closely to see if this could set a precedent for other nations grappling with similar issues.

Continue Reading

Tech

Force Free Speech By Regulating Big Tech

Published

on

In an era where the digital landscape is dominated by a handful of tech giants, the right to free speech is increasingly under threat. These companies, with their immense power and influence, have taken it upon themselves to police speech, often suppressing conservative and nationalist voices under the guise of combating “hate speech” or “misinformation.” It’s time to reclaim our freedom and ensure that the marketplace of ideas remains open and accessible to all.

The current situation is untenable. Big Tech companies have become the arbiters of truth, deciding what information is permissible and what must be censored. This has led to a chilling effect on free speech, with many individuals and groups afraid to express their opinions for fear of being deplatformed or silenced. This is a direct assault on our fundamental right to free speech, a cornerstone of our democracy.

It is clear that these companies cannot be trusted to regulate themselves. They have repeatedly shown a bias against conservative and nationalist viewpoints, while allowing leftist and progressive voices to flourish. This is not only unfair, it’s a violation of the principle of equal treatment under the law.

To ensure that all voices are heard, we must regulate these tech giants. This does not mean government control over speech, but rather the enforcement of a level playing field where all viewpoints are treated equally. Companies should be held accountable for their actions, and any bias in their moderation policies should be addressed.

One way to achieve this is through the creation of an independent body to oversee the moderation practices of these companies. This body would be tasked with ensuring that all viewpoints are treated fairly, and that any bias is rooted out. It would also have the power to impose fines or other penalties on companies that fail to uphold these standards.

Another approach is to encourage competition in the tech sector. Currently, a handful of companies dominate the market, making it difficult for new entrants to compete. By breaking up these monopolies, we can create a more diverse and competitive marketplace, where no single company has the power to control the flow of information.

In conclusion, the time has come to regulate Big Tech and protect our right to free speech. We cannot allow these companies to continue their biased moderation practices, suppressing conservative and nationalist voices while promoting leftist and progressive viewpoints. It’s time to level the playing field and ensure that all voices are heard. The future of our democracy depends on it.

Continue Reading

Military

Lucas Gage Returns to X After Exposing Palestine Atrocities & Ban Over Alleged Harassment

Published

on

In today’s digital age, social media platforms serve as vital tools for raising awareness and advocating for causes. However, they also present challenges such as harassment and censorship. Recently, actor and activist Lucas Gage faced these challenges head-on when his X account was suspended for several months following harassment from certain groups unhappy with his efforts to expose war atrocities in Palestine. Now, after a prolonged absence, Gage has returned to X, ready to resume his important work of shedding light on crucial issues.

Lucas Gage, known for his roles in various television shows and films, has also been vocal about social justice issues, particularly regarding the Palestinian cause. His advocacy drew the ire of individuals and groups who disagreed with his stance. Gage utilized his platform on X to spotlight the human rights violations and war atrocities occurring in Palestine, which led to backlash from some pro-Israeli factions.

The backlash against Gage escalated into harassment, predominantly from individuals identifying themselves as Zionists. He faced a barrage of abusive messages, threats, and attempts to undermine his activism. Despite his efforts to report and block the harassers, the situation persisted, taking a toll on Gage’s mental well-being and sense of safety.

In a controversial decision, X suspended Gage’s account, citing violations of its community guidelines. Many criticized X for what they perceived as a failure to address harassment effectively, especially given the circumstances surrounding Gage’s case. The ban sparked debates about freedom of expression, censorship, and the responsibilities of social media platforms in safeguarding users from harassment and abuse.

After a hiatus spanning several months, Lucas Gage has made his comeback to X. His return has been met with an outpouring of support from fellow activists, fans, and individuals concerned about censorship and human rights. Gage expressed gratitude for the overwhelming solidarity he received during his absence and reiterated his dedication to advocating for justice and raising awareness about the plight of the Palestinian people.

The incident involving Lucas Gage underscores the significance of advocacy and the hurdles activists encounter, especially when addressing contentious issues. It also highlights the complexities of navigating social media platforms where differing viewpoints often clash, sometimes resulting in hostility and censorship.

As Gage resumes his activism on X, it is imperative to continue discussions about online harassment, censorship, and the necessity for improved mechanisms to shield users from abuse. Social media companies must reevaluate their policies and enforcement strategies to ensure that platforms remain spaces for constructive dialogue and activism, rather than avenues for harassment and stifling dissenting voices.

Lucas Gage’s return to X serves as a testament to the resilience of individuals committed to social justice causes despite facing obstacles and adversity. His experience sheds light on broader issues surrounding online harassment and censorship, prompting important conversations about the role of social media platforms in shaping public discourse. As Gage continues his advocacy, his story serves as inspiration for others to speak out against injustice and strive for positive change.

Continue Reading

Trending

Donate to Populist Wire

*Note: Every donation is greatly appreciated, regardless of the amount.