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Exponent

Episode 176 — The Second Estate Era

Exponent

Ben Thompson / James Allworth

Technology

4.6832 Ratings

🗓️ 25 October 2019

⏱️ 55 minutes

🧾️ Download transcript

Summary

Ben and James discuss how the Internet’s impact will be like the printing press’s, and what that means for how we should think about Facebook. Note: We apologize for the slight audio discrepancy between Ben and James Links Ben Thompson: The Internet and the Third Estate — Stratechery Ben Thompson: Zuckerberg’s Speech, Facebook Versus China, The Structure of Free Expression — Stratechery Ben Thompson: TV Advertising’s Surprising Strength — And Inevitable Fall — Stratechery Perry Link: China: The Anaconda in the Chandelier — ChinaFile Mark Zuckerberg Stands for Voice and Free Expression — Facebook The Federalist Papers: No. 47— Yale … Continue reading Episode 176 — The Second Estate Era

Transcript

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0:00.0

Hi, James. Ben, how are you? I'm doing good. I'm doing good. How are you? Good. I just came from the gym and there are a whole bunch of NBA players from a team that I have no idea about training in the gym. And I was like, man, this is wasted on me. I wish Ben was here. But I thought you were a big basketball fan now. I'm so confused. You're just taking me on an emotional roller coaster here with you and your connection to basketball. There we are. So this week,

0:25.7

I wrote about nominally about Facebook. That was certain in the framing. There was a speech

0:29.9

that Mark Zuckerberg gave last week that we may get into a bit. But there was one line in that

0:34.9

speech that I thought was very interesting. It really made me sort of think a lot. And it sort of tied into the China stuff as well, which is very much been top of mind as things that I've been thinking about. And so I kind of wanted to catch that one line and sort of write about that. And so I wrote something this week that was sort of a little more expansive, a little more sort of looking both backwards and forwards, that, again,

0:54.9

is nominally about Facebook, but isn't really about Facebook at all.

0:57.4

It's about something almost even much bigger than Facebook, if that makes sense.

1:01.1

There's something bigger than Facebook?

1:02.9

Well, it's interesting, actually.

1:04.6

You know, Mark Zucker was in Congress today.

1:06.0

We were just sort of talking about this before we started the podcast. And it's so funny, like some of these questions

1:11.1

and back and forth, there's these fundamental tradeoffs that you get stuck in. It's like,

1:15.3

wait, guys, hold on. It's great. You're all trying to sort of score political points here.

1:18.9

But if you actually zoom out to a higher level, like, there's actually completely unmade points

1:24.5

that are actually bigger than the ones you're making. And it's like, you know,

1:27.8

you find these tradeoffs. Facebook has these tradeoffs that puts Zuckerberg in sort of an impossible

1:31.8

position to sort of answer the question, right? If you frame it just right. And it's like, yeah,

1:35.5

I just scored a political point. I got it got you. And it's like, okay, that's great. You got a got

1:38.9

you. Congratulations. But like you didn't really acknowledge or make clear what the tradeoff is. And that's, you know, almost sort of like misinformation in its own right.

1:46.8

But the worst part of it is, is not just that it's kind of like a little dishonest that you're not pointing out there's a real tradeoff here.

1:52.1

But we've actually zoom out and examine why is there a tradeoff here?

1:55.5

What entailed the creation of this tradeoff is like, oh, wait, there's actually a much bigger problem here that is

2:01.9

larger than Facebook. Go on. Well, let's get to it. That's the taste of the thing where we can end up

...

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