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This is an interesting piece. The author tackles a few different kinds of fears, starting with fear of Libra destroying normal consumer transaction paths and t
by mdorazio 7y ago
This is an interesting piece. The author tackles a few different kinds of fears, starting with fear of Libra destroying normal consumer transaction paths and then looks at fear of entire small and medium sized businesses getting straight up destroyed by moves from giant players like Amazon.
I think the author is pretty spot-on in the implicit conclusion that this is the natural result of increasingly centralized businesses running pseudo-monopolies in key industries.
- jdreyfuss 7y agoDefinitely thought provoking. I hadn't thought much about how the effects of the fear of retribution reverberate in how people and companies interact with governments, employers, and suppliers. I feel like this is usually discussed on the micro-level (e.g. an employee's fear of whistleblowing on her boss), but not so much on the macro-level.
- sroussey 7y agoLike people saying bad things about the government in CN and then able to ride a train in said country?
- specialist 7y ago"...the natural result of increasingly centralized businesses running pseudo-monopolies in key industries." Preferential attachment begets winner takes all. Internet begets fewer, larger markets, meaning fewer, larger players. Engagement driven revenue begets outrageous content. I don't have a problem with these three natural phenomenon. It's just two maths and one psychology. The two differences today are a) scale and b) the combination is far more potent. As Stalin praised, quantity has its own quality. My issue is the willful ignorance (Freedom Markets™ ideology) thwarting any kind of reasonable counterbalance. I'd like the world of commerce to be more NFL and less MLB.