Consequences is That According to Lanier It May Well End Up Destroying the Middle Class if Too Much of the Value is Retained in the Large Technology Companies. Lanier Suggests That the Advance of Technology is Not Replacing as Many Jobs as It Destroys and Those Jobs That Are Destroyed Are Increasingly Middle Class. Not Political Kinda I Dont Wish to Make This Post Political Although All Change is Inherently Political. Im Not Taking Political Sides. This Issue Cuts Across Political Boundaries. I Have a Lot of Sympathy for Technological Utopian Ideas and the Benefits Technology Brings and Have.
Little Time for Luddism. However Its Interesting to Focus on the the Consequences of This Shift in Wealth and Power Brought About by Technology and Whether Enough People in the Internet Value Chain Receive Adequate Value for Their Efforts. If the Value Doesnt Flow Through as Capitalism Requires in Italy Telegram Number Data Order to Function Well Then Few People Win. Are Children Living at Home Longer Than They Used to Are People Working Longer Hours Than They Used to in Order to Have the Same Amount of Stuff Has the Value Chain Been Broken Lanier Asks and if So What Can Be Done to Fix It What Made Instagram Worth One Billion Dollars Lanier Points Out That.
Instagram Wasnt Worth a Billion Dollars Because It Had Extraordinary Employees Doing Amazing Things. The Value of Instagram Came From Network Effects. Millions of People Using Instagram Gave the Instagram Network Value. Without the User Base Instagram is Just Another Photo App. Who Got Paid in the End Not the People Who Gave the Network Value. The People Who Got Paid Were the Small Group at the Top Who Organized the Network. The Owners of the Siren Servers The Power Rests in What Lanier Calls the Siren Servers Giant Corporate Repositories of Information About Our Lives That We Have Given Freely and Often Without.