3 ms·
We are seeing the rediscovery of the network monopoly business model in these online giants like YouTube, only without the former safeguards of production contr
by aphextron 9y ago
We are seeing the rediscovery of the network monopoly business model in these online giants like YouTube, only without the former safeguards of production contracts that television and film have developed. It's no different than the "uberization" of the rest of our economy over the past 10 years. All of the marginal costs and inefficiencies involved with running a business have been externalized to the employees and customers of that business because there is no other option for them. Those in control of the distribution will always have final say. Only now they have the power to make arbitrary rulings with zero means of recourse by those affected, short of mass organization.