Summary of Rebecca Giblin & Cory Doctorow's Chokepoint Capitalism

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The culture market is a winner-takes-all system, in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.
#2 The reason creative workers are receiving a declining share of the wealth generated by their work is the same reason all workers are receiving a smaller share—we have structured society to make rich people richer at everyone else’s expense.
#3 Capitalism is supposed to be based on free markets, but markets have a natural tendency toward monopoly, destructive extraction, and rent-seeking. To keep those tendencies in check, governments have been forced to engage in vigilant stewardship of markets.
#4 The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

Sujets

• Musique
• Culture musicale
• Business Aspects
• Music

Informations

• Publié par: Everest Media LLC
• Date de parution: 11 octobre 2022
• Nombre de lectures: 0
• EAN13: 9798350039351
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Rebecca Giblin & Cory Doctorow's Chokepoint Capitalism
Contents Insights from Chapter 1 Insights from Chapter 2
Insights from Chapter 1

#1

The culture market is a winner-takes-all system, in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

#2

The reason creative workers are receiving a declining share of the wealth generated by their work is the same reason all workers are receiving a smaller share—we have structured society to make rich people richer at everyone else’s expense.

#3

Capitalism is supposed to be based on free markets, but markets have a natural tendency toward monopoly, destructive extraction, and rent-seeking. To keep those tendencies in check, governments have been forced to engage in vigilant stewardship of markets.

#4

The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

#5

The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

#6

Monopsony power is created when a buyer has power over sellers, instead of the other way around. Amazon and Google are powerful buyers, and have monopsony power over sellers.

#7

Monopsony power is created when a buyer has power over sellers, instead of the other way around. Amazon and Google are powerful buyers, and have monopsony power over sellers.

#8

Antitrust law was designed to prevent monopolies, but most of today’s monopolies are not the result of that law.

#9

Antitrust’s failures are why we have such dangerously powerful corporations, but we should be doing everything we can to promote competitive conditions.

#10

Monopsony power is when a buyer has power over sellers, instead of the other way around. This is what happens when platforms like Amazon, Google, and Facebook buy up the majority of available talent to create culture.

#11

Creative industries are already beginning to feel the effects of a globally unbounded labor market. -> The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

#12

The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share.

#13

-> The culture market is a winner-takes-all system in which a handful of people take almost all the rewards. This has always been the case, but now there is less and less to share. We must understand and address the causes of these corporations’ growth, or they will take over culture entirely and render traditional antitrust powerless.

#14

Antitrust is a very powerful tool that can be used to combat monopolies. However, in many cases, the monopolies we’re dealing with are not the result of that law.

#15

In 1994, Amazon sold books online, competing with neighborhood shops and brick-and-mortar superstores. Its method was to take orders and fulfill them via two wholesale distributors. It had no economies of scale or moats. It just sold books online, competing with other online sellers.

#16

Amazon, Google, and Facebook are buying up the majority of available talent to create culture. This is monopsony power.

#17

Antitrust is a powerful tool that can be used to combat monopolies, but in many cases, the monopolies we’re dealing with are not the result of that law. In 1994, Amazon sold books online, competing with neighborhood shops and brick-and-mortar superstores. Their method was to take orders and fulfill them via two wholesale distributors.

#18

Monopolies are not the result of antitrust laws, but rather of anticircumvention rules that were first mandated in 1996 via a pair of international copyright treaties. Any company who makes an entertainment platform becomes the sole arbiter of whether and how customers, competitors, and the copyright owner can alter the locks’ functioning.

#19

Monopolies are not the result of antitrust laws, but rather of anticircumvention rules that were mandated in 1996 via a pair of international copyright treaties. Any company who makes an entertainment platform becomes the sole arbiter of whether and how customers, competitors, and the copyright owner can alter the locks’ functioning.

#20

Monopolies are not the result of antitrust laws, but rather of anticircumvention rules that were mandated in 1996 via a pair of international copyright treaties. Any company that makes an entertainment platform becomes the sole arbiter of whether and how customers, competitors, and the copyright owner can alter the locks’ functioning.

#21

Monopolies are not the result of antitrust laws, but rather of anticircumvention rules that were mandated in 1996 via a pair of international copyright treaties. Any company that makes an entertainment platform becomes the sole arbiter of whether and how customers, competitors, and the copyright owner can alter the locks’ functioning.

#22

In the late nineties, five major publishers collaborated with Apple to implement a new pricing model for ebooks. While Apple liked the new model because it gave them a fat margin, publishers were afraid of losing their existing readers to Amazon, so they made sure to sign an agreement with Apple.

#23

Antitrust law is a powerful