
Crash Course Economics
Enshittification: The Rise and Fall of Big Tech — with Cory Doctorow
Jan 24, 2024
Writer-activist Cory Doctorow discusses the rise of Rentier and Monopoly Capitalism in the tech sector. Topics include disassembling Big Tech, creative labor markets and monopolies, and destroying surveillance capitalism. They explore the concept of 'enshitification' and the need for collective action through unionization to address big tech's problems.
58:57
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Quick takeaways
- Interoperability is crucial in challenging the dominance of big tech companies, enabling newcomers to compete against established players by modifying and connecting diverse technologies.
- Enforcing competition laws is essential to break the dominance of big tech companies and prevent them from abusing their power and capturing regulators.
Deep dives
The Role of Interoperability in Combating Monopoly Capitalism
Interoperability is a significant aspect in challenging the dominance of big tech companies. It involves the ability for users to modify and connect diverse technologies, which historically enabled newcomers to challenge dominant players. However, current laws and policies restrict interoperability, allowing monopolistic firms to control market access, technology, and resources. The result is the extraction of substantial rents from smaller competitors and users, while undermining regulations and democratic processes. To address this, it is crucial to enforce competition laws, design regulations fit for purpose, restore individual rights to modify technology, and strengthen tech workers' unions.
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