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Archive for 28. Dezember 2019

The tech giants dominated the decade. But there’s still time to rein them in

Posted by hkarner - 28. Dezember 2019

Date: 26‑12‑2019

Source: The Guardian by Jay Owens

Google, Amazon and Facebook moved at a scale and speed governments couldn’t match. Now regulators are trying to catch up

‘It became clear big tech is a problem for citizens.’ Mark Zuckerberg, CEO of Facebook, testifying at a House energy and commerce hearing in Washington DC, April 2018.

The 2010s will be remembered for a new era in the development of capitalism, one of mind‑boggling scale. Apple, Amazon and Microsoft are closing the decade as the world’s first trillion‑dollar companies. Last year, Apple’s revenue was larger than Vietnam’s GDP, while Amazon’s research and development spending alone is almost as much as Iceland’s GDP. Facebook boasts 2.4 billion users, a population larger than that of every continent except Asia.

Big tech may offer much to us as consumers but, as the decade progressed, it became clear that it presents a problem for us as citizens who want elections that adhere to advertising laws and are free from foreign interference. It’s also a problem for people who want to live in towns with functioning retail high streets, where Amazon’s ruthless margin‑squeezing means poorly paid, zero‑hour gigs in logistics and delivery are the norm. And it’s a problem for us as democrats who depend on independent news media to hold our elected representatives to account. Den Rest des Beitrags lesen »

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Get ready for a wild ride

Posted by hkarner - 28. Dezember 2019

Date: 26‑12‑2019

Source: The Economist

Subject: Buckle up for America’s ugly election and faltering economy

The year ahead will be dominated by America’s presidential election and a global slowdown

TWO SUBJECTS will hog headlines around the world in 2020: America’s presidential‑election campaign and the weakness of the global economy. Both will induce anxiety and each will influence the other. It will be a volatile year, characterised by unstable, angry and polarised politics, and an enfeebled economic outlook for the world, regardless of who wins on November 3rd, when American voters go to the polls.

Many elements of the election remain uncertain, from the impact of the impeachment trial that is all but certain to precede the head‑to‑head presidential battle, to who will be the Democratic nominee to challenge President Donald Trump. But there seems little doubt that the tenor of the 2020 campaign will be uglier than any in modern American history. In 2016, already a notably nasty contest, a Trump presidency was a pinch‑me prospect that too many people discounted; in 2020 millions of voters, on both sides, will feel the very fabric of their country’s democracy to be at stake. Outside America many more millions will wonder if an extraordinary four‑year interlude is about to end, and whether the country that has been the anchor of the post‑war world order has been irrevocably transformed. Den Rest des Beitrags lesen »

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