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And those jobs are running on $15 subscription MRR models. I'm not unappreciative, trust me. I just also don't appreciate that they have systematically obstruct

And those jobs are running on $15 subscription MRR models. I'm not unappreciative, trust me. I just also don't appreciate that they have systematically obstructed competing services. And they've done all this using the same tactics we were tearing Microsoft apart for in the 90s over shipping Windows with Internet Explorer built into the OS. Do a search through Google for a digital whiteboard, and once you scroll past several ads, one of the first links is for Google's Jamboard. How is this creating "trillions in value, and millions of jobs via direct and indirect employment"? It's funneling more utility into the Google service model, which is "free", because your data is not. Big Tech is as much responsible for the dwindling payouts on music and movie royalties to artists, as it is responsible for the GDPR. It's as much responsible for us not owning the media we pay for, as it is now also responsible for the half-finished, nickel-and-dime microtransactions and advertisements that litter even paid services.

scarface74 6y ago
My take. Facebook: I’ve got nothing. I use FB. I guess it’s been away to keep in contact with people and it employs thousands of people who all contribute to the economy. But I really don’t have a case for it being a value creating platform. Apple: it ushered in the app economy but more importantly, it made the idea popular of having a computer in every pocket. Even services that would never have been popular without mobile made billions of dollars. Between its employees, suppliers, and third parties it’s also been a value creator. Amazon (Disclaimer: I work for AWS): hundreds of thousands employees and the minimum wage is $15/hour for fulfillment center workers, not to mention its enabled third party sellers to reach millions, again a value creator. Google: while Apple first popularized the modern smart phone era. Let’s be honest, Apple’s products are out of reach for most people in the world. Android democratized the idea of a computer in every pocket. Mobile payments have done wonders for 3rd world countries. How is this creating "trillions in value, and millions of jobs via direct and indirect employment"? It's funneling more utility into the Google service model, which is "free", because your data is not. If Google’s ads weren’t effective, would people be buying them? Are they more effective than the third world. We don’t have to guess whether tech has created trillions in value. It’s reflected in their market cap. The five big tech companies are worth over five trillion together. Those stocks are in pension funds, 401Ks etc. The money people make directly and indirectly are the single handedly propping up the stock markets and those pensions. http://www.iweblists.com/us/commerce/MarketCapitalization.html http://www.iweblists.com/us/commerce/MarketCapitalization.ht... Big Tech is as much responsible for the dwindling payouts on music and movie royalties to artists Blame the people buying subscriptions not the tech industry. Before the rise of Spotify, by 2010. Apple and all of the rest of the industry was selling DRM free music you own. Apple still does through iTunes. People decided that they wanted subscription music. You can still pay for music you own - DRM free through Apple. Commercial movies have never been free of copy protection. Even during the analog days of VHS and Macrovision. Even console games have always required third party manufacturers to license copy protection from the console makers. Well at least since the mid 80s.

scarface74 6y ago

My take. Facebook: I’ve got nothing. I use FB. I guess it’s been away to keep in contact with people and it employs thousands of people who all contribute to the economy. But I really don’t have a case for it being a value creating platform. Apple: it ushered in the app economy but more importantly, it made the idea popular of having a computer in every pocket. Even services that would never have been popular without mobile made billions of dollars. Between its employees, suppliers, and third parties it’s also been a value creator. Amazon (Disclaimer: I work for AWS): hundreds of thousands employees and the minimum wage is $15/hour for fulfillment center workers, not to mention its enabled third party sellers to reach millions, again a value creator. Google: while Apple first popularized the modern smart phone era. Let’s be honest, Apple’s products are out of reach for most people in the world. Android democratized the idea of a computer in every pocket. Mobile payments have done wonders for 3rd world countries. How is this creating "trillions in value, and millions of jobs via direct and indirect employment"? It's funneling more utility into the Google service model, which is "free", because your data is not. If Google’s ads weren’t effective, would people be buying them? Are they more effective than the third world. We don’t have to guess whether tech has created trillions in value. It’s reflected in their market cap. The five big tech companies are worth over five trillion together. Those stocks are in pension funds, 401Ks etc. The money people make directly and indirectly are the single handedly propping up the stock markets and those pensions. http://www.iweblists.com/us/commerce/MarketCapitalization.html http://www.iweblists.com/us/commerce/MarketCapitalization.ht... Big Tech is as much responsible for the dwindling payouts on music and movie royalties to artists Blame the people buying subscriptions not the tech industry. Before the rise of Spotify, by 2010. Apple and all of the rest of the industry was selling DRM free music you own. Apple still does through iTunes. People decided that they wanted subscription music. You can still pay for music you own - DRM free through Apple. Commercial movies have never been free of copy protection. Even during the analog days of VHS and Macrovision. Even console games have always required third party manufacturers to license copy protection from the console makers. Well at least since the mid 80s.