4.6 • 32K Ratings
🗓️ 2 November 2017
⏱️ 39 minutes
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0:00.0 | I'm sure you've been hearing the ever more anguished calls to regulate the huge tech |
0:07.3 | firms known collectively as GAFA, Google, Amazon, Facebook, and Apple. |
0:12.4 | These companies, these super large platform monopolists, they have developed the capacity |
0:18.7 | to manipulate us, to control us, to control the information that is delivered to us, to |
0:24.2 | control the pricing at which products are delivered to us, to control us as producers. |
0:32.8 | The GAFA companies are far bigger, richer, and arguably more dominant than tech companies |
0:37.8 | in the past. |
0:39.1 | Google, for instance, has more than 80% of global search engine market share. |
0:43.8 | Facebook has nearly 2 billion monthly active users. |
0:47.3 | Amazon has an estimated 90 million prime members in the US that's something like 70% of |
0:53.0 | all American households. |
0:54.9 | It's estimated that 40% of all online spending goes to Amazon. |
0:59.8 | This kind of scale creates a lot of concern. |
1:02.6 | We've examined this concern in previous episodes like who runs the internet and is the internet |
1:08.4 | being ruined. |
1:09.4 | We're seeing the birth of a new center of power, real power. |
1:14.7 | We depend on these technologies that have been in many ways wonderful and fascinating, |
1:21.5 | but they're making significant decisions laterally. |
1:25.9 | There's also the question of whether the mission of these firms is as socially beneficial as |
1:31.4 | many people believe they were in the early days of the internet. |
1:34.4 | There's all these really smart engineers. |
1:36.9 | They're the brightest computer scientists, and all they're thinking about is, how do I |
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