Reading

Created
Tue, 29/11/2022 - 06:12

Economist Cristina Caffarra, a leader in competition and antitrust, warns that ever-expanding tech giants raise concerns about the extent of their power.

Since the 1970s, economists buying into the Chicago School of Antitrust have waved off the dangers of lax antitrust policies, professing that “the market” would sort out issues of competition and punish companies that abuse size and power. The Chicagoans’ narrow focus on direct consumer costs as the sole measure of harm didn't consider the impact of consolidation on small businesses, start-ups, workers, or, for that matter, democratic norms. Nor did it raise red flags for tech platforms that were touted as “free” for users (while monetizing our attention and personal data).

A growing number of critics argue that these basic assumptions are both wrong and outdated, as evidenced by the fact that in many industries, particularly technology, companies have been growing to gargantuan proportions and, as anybody who owns a smartphone is painfully aware, they seem free to gobble competitors, hinder innovation, and serve up crappy, overpriced products.

Created
Tue, 29/11/2022 - 06:00

One of the many things we can learn from the recent elections in the United States is that the socialist revival which began there a few years ago, spearheaded first by Bernie Sanders in the Senate and then by Alexandria Ocasio-Cortez (AOC) in the House, has by no means run out of steam. The small but energetic Democratic Socialists of America contingent within the House Democrats, and in roles within the states and communities, has not gone away. Sanders and AOC continue to be very vocal and visible in political debate and action from their socialist perspectives. The widely anticipated Republican wave not only failed to sweep away mainstream Democrats; it also failed to dislodge the socialists.

The post What is Socialism All About? appeared first on Progress in Political Economy (PPE).

Created
Tue, 29/11/2022 - 04:09
Last week, several news outlets reported that Qatar’s World Cup apps pose serious privacy and security risks. Visitors to Qatar are required to download two apps: Ehteraz, a COVID-19 tracking application, and Hayya, which allows fans entry into the football stadiums and access to transportation services. In particular, Ehteraz can read and write to a […]
Created
Tue, 29/11/2022 - 01:57
Next semester, I’ll be teaching American Political Theory (POLS 3404), meeting 9:30-10:45 on Mondays and Wednesdays. We’ll focus on two topics only: slavery and neoliberalism. Registration is now officially open for the class. During the first half of the course, we’ll be addressing the relationship between slavery and capitalism through a selection of primary and second readings. Our texts will include Orlando Patterson’s Slavery and Social Death, Eric Williams’ Capitalism and Slavery, Cedric Robinson’s Black Marxism, Eugene Genovese’s The Political Economy of Slavery, Frederick Douglass’ Narrative, Harriet Jacobs’ Incidents in the Life of a Slave Girl, W.E.B. Du Bois’s Black Reconstruction, and various texts and treatises from the slaveholders, including Thomas Dew, William Harper, James Henry Hammond, Josiah Nott, and […]
Created
Tue, 29/11/2022 - 00:13
Attempts to solve social problems with draconian regulation of internet services won’t help victims.  Amendments are flooding in with a raft of new proposals. [1] Controversial scanning of private messages risks WhatsApp pulling services from the UK. [2] The Online Safety Bill is set to return to Parliament next week.  A flood of recent amendments […]
Created
Tue, 29/11/2022 - 00:00

As always, if you find value in this work I do, please consider helping me keep it sustainable by joining my weekly newsletter, Sparky’s List! You can get it in your inbox or read it on Patreon, the content is the same. And don’t forget to visit the TMW store for all of your holiday shopping needs (as long as they are extremely specific and limited)! 

Created
Mon, 28/11/2022 - 23:00
The spread of misinformation online has been recognized as a growing social problem. In responding to the issue, social media platforms have (i) promoted the services of third-party fact-checkers; (ii) removed producers of misinformation and downgraded false content; and (iii) provided contextual information for flagged content, empowering users to determine the veracity of information for themselves. In a recent staff report, we develop a flexible model of misinformation to assess the efficacy of these types of interventions. Our analysis focuses on how well these measures incentivize users to verify the information they encounter online.
Created
Mon, 28/11/2022 - 22:02

Αμέσως μόλις εξαγόρασε το Twitter και αυτοανακηρύχθηκε σε Chief Twit, ο Elon Musk δήλωσε πως δεσμεύεται να προστατεύσει τη φύση της πλατφόρμας ως μια «δημόσια πλατεία» όπου συζητούνται τα πάντα. Ήταν μια έξυπνη τακτική γιατί απέσπασε επιτυχώς την προσοχή του κοινού από τις πραγματικές του προθέσεις. Ο Elon Musk είχε κάθε λόγο να νιώθει ένα κενό που […]

The post Το Twitter ως το εισιτήριο του Elon Musk στο Πάνθεον της Τεχνοφεουδαρχίας – 247 News appeared first on Yanis Varoufakis.

Created
Mon, 28/11/2022 - 18:02

Blaming migration on “repressive dictatorships” allows Washington to pretend that its policies are helping Nicaraguans, when in fact they are impoverishing them. This article was originally published on November 23, 2022 by COHA. Why are more Nicaraguans heading north to the United States looking for jobs? Until July 2020, numbers were tiny. But in the last 1½ years numbers have increased sharply. Suddenly this has become a story, and government detractors argue, with little evidence, that people are fleeing political […]

The post US sanctions and economic conditions drive Nicaraguan migration, while Washington blames repression appeared first on The Grayzone.