Earlier quoted context omitted.
> The internet will almost certainly spawn a social movement to destroy the class system in the US. I'm unconvinced. The class system is, at its core, money. And short of eBay allowing people to sell second hand items peer to peer, I really don't think the internet has enabled economic mobility all that much. A select few in Silicon Valley have gotten very rich, certainly, but an effect on the population at large? Ma…
I think you're undervaluing the impact of the internet on small business. Sure, a few guys at the tippy top of Uber-eats are the only ones getting fabulously wealthy, but I've discovered several wonderful mom and pop restaurants through that service. Sure, only a hand full of people at Google are getting fabulously wealthy, but most of the video content I consume these days are regular-ish people on Youtube who now m…
The fact that the technological requirements for small new businesses and cottage content industries have changed shouldn’t be confused with an improvement in the opportunity landscape as a whole.
If anything, these “businesses” - especially the content creators - are more like digital feudalisms, as (mostly) low-status low-value workers try to scratch out an existence on territory owned by a single entity they have no democratic influence on.
The reality is that wealth concentration among the hyper-rich is accelerating as they capture an ever-increasing share of global productivity.
If the Internet were likely to fix this, we’d have seen some evidence of this happening by now.
But there is exactly zero evidence for this, and even less reason to believe that it can happen, given where we are today.
The only thing that might change this is total disintermediation - open, distributed, publicly owned, non-corporate hardware and software infrastructure, including search, security, content distribution, storage, and applications.
You only have to think about that for a few moments to see how far we are from that kind of Internet, and just how locked down, siloed, chokepointed, gated, and obsessively monetised the Internet we have today is.