Today in #TMITM: Nearer My God To Thee

I’m beginning to detect a trend here:

From Recode:

“The American car industry, in the 1950s, dominated the world,” author Andrew Keen said… “Twenty years later, the American car industry had collapsed because they produced cars which were death traps.”

“I think we’re at a similar time in the digital economy,” he added, referring to the prevalence of advertising-driven tech products. “Consumers will and are coming around to the realization that this business model is not in their interest…

…“I think Mark Zuckerberg has been rearranging the deck chairs on the Titanic with these latest reforms at Facebook,” Keen said. “I’d like to see him really acknowledge the problem and deal with it directly and come up with radical solutions.”

And while I’m at it:

Keen argued that Apple is “in a better position than Google or Facebook” because its business is not dependent on collecting and monetizing consumers’ data, which he refers to as “surveillance capitalism.”

Listen to the podcast:

Or wait for the book.

Or, maybe somebody can please do the math, and figure out “how much would it cost 2-billion people to actual pay outright for Facebook to substitute for its ad-driven revenue?”

I might be willing to pay as much as I do for Netflix or Spotify.

Maybe.



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Paul Schatzkin