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Wild with Sarah Wilson

REBECCA GIBLIN: Chokepoint capitalism is screwing creatives…and you!

Feb 21, 2023
Rebecca Giblin, Melbourne Law School professor, discusses how Big Tech billionaires are choking creatives and customers in various industries. They explore examples from music, live events, and the content industry, highlighting the consequences of corporate concentration. The podcast also covers the impact of targeted ads, the need for systemic change, and the power of collective action for positive change.
48:40

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Chokepoint capitalism enables big tech companies to exploit creatives through low royalties and abusive behaviors.
  • Combating chokepoint capitalism requires collective action, demanding transparency, and supporting guilds and unions.

Deep dives

The Dangers of Choke Point Capitalism

Choke Point Capitalism, as discussed in the podcast, refers to the excessive corporate concentration that allows big tech companies and conglomerates to exploit creators and workers in various industries. This concentration of power leads to unfair practices like low royalties, secretive contracts, and abusive behaviors towards artists and suppliers. For example, the podcast highlights the case of Audible Gates, where authors were forced to pay back royalties when their books were returned, leading to significant losses. The podcast also mentions the choke hold that major record labels have on the music industry, controlling almost 70% of recorded music and dominating the streaming industry. The negative impact of choke point capitalism extends beyond the creative fields, affecting suppliers, farmers, and small businesses. The podcast emphasizes the importance of combating this issue and presents ways to bring about change, including demanding transparency, fighting for fair contracts and copyrights, and supporting guilds and unions in advocating for creators' rights. By addressing the systemic issues of choke point capitalism, there is hope for a more equitable and inclusive future for all creators and workers.

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