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And it isn't just FAANG. Look at Disney and Comcast and all the other conglomerates. The SEC and FTC have totally failed our country in the 21st century.

andrewmcwatters 6y ago
I frequently think about the fact that such organizations, from the outside, seem like the people now working there have forgotten what they are supposed to be doing for the American people. The most prominent example I can think of is Microsoft getting in all this trouble over bundling a browser with Windows and yet this proliferation of forced App Stores runs rampant in the industry. Where in world is the FTC now? All of these people should be fired. They’ve been asleep for 20 years.
throw0101a 6y ago
You may be interested in the book Goliath by Stoller: > Americans once had a coherent and clear understanding of political tyranny, one crafted by Thomas Jefferson and updated for the industrial age by Louis Brandeis. A concentration of power, whether in the hands of a military dictator or a JP Morgan, was understood as autocratic and dangerous to individual liberty and democracy. This idea stretched back to the country’s founding. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. > In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. > The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. Building upon his viral article in The Atlantic, “How the Democrats Killed Their Populist Soul,” Stoller illustrates in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy. * https://www.goodreads.com/book/show/40538538-goliath https://www.goodreads.com/book/show/40538538-goliath There's been a back and forth over the last century on this topic.
- snarf21 6y ago
  Thanks, added to the backlog.

andrewmcwatters 6y ago

I frequently think about the fact that such organizations, from the outside, seem like the people now working there have forgotten what they are supposed to be doing for the American people. The most prominent example I can think of is Microsoft getting in all this trouble over bundling a browser with Windows and yet this proliferation of forced App Stores runs rampant in the industry. Where in world is the FTC now? All of these people should be fired. They’ve been asleep for 20 years.

throw0101a 6y ago

You may be interested in the book Goliath by Stoller: > Americans once had a coherent and clear understanding of political tyranny, one crafted by Thomas Jefferson and updated for the industrial age by Louis Brandeis. A concentration of power, whether in the hands of a military dictator or a JP Morgan, was understood as autocratic and dangerous to individual liberty and democracy. This idea stretched back to the country’s founding. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. > In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. > The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. Building upon his viral article in The Atlantic, “How the Democrats Killed Their Populist Soul,” Stoller illustrates in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy. * https://www.goodreads.com/book/show/40538538-goliath https://www.goodreads.com/book/show/40538538-goliath There's been a back and forth over the last century on this topic.

snarf21 6y ago
Thanks, added to the backlog.