Comment by mlsu
6 months ago
This is a structural problem with our economy, much larger than just Facebook. Due its large scale concentration, the allocation of capital in the economy as a whole has become far less efficient over the last 20 years.
6 months ago
This is a structural problem with our economy, much larger than just Facebook. Due its large scale concentration, the allocation of capital in the economy as a whole has become far less efficient over the last 20 years.
But always remember, it's not technically a monopoly!
Boy am I tired of that one. We desperately need more smaller companies and actual competition but nobody seems to even be trying
Many of us in the antitrust/competition law community are trying. One issue, specific to digital markets, is that the field has very few people who are both legally and technically literate. If you're a technical person looking for a career shift, moving into legal policy/academia has the potential to be quite high impact for that reason.
Gods I would love to work more in a policy space, tho my background is entirely technical.
A friend of mine has been trying to get into law school for a few years; she's technically competent and plenty intelligent, but it's been hard going for her to get in, plus multiple years of education to even attempt the bar. All of that sounds like far too much sunk-cost to me to dally in and figure out if it's a path I would truly enjoy.
What ways could I engage with policy coming from a technical background that would serve as a useful stepping stone to a more policy based career, but doesn't require such an upfront cost as a law degree?
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That’s one issue, but is it even the most important thing? A lot of it is just regulatory capture, legalized political corruption (“lobbying”) and the total disfigurement of antitrust law by Bork decades ago.
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Once, out of curiosity, I looked into how easily someone without a formal law degree and work experience could take the bar exam "for fun", and IIRC in my state it wasn't really possible.
is there a state bar bootcamp?
Outside of going back to school for another degree, how would this shift be possible?
Lots of people try and actually succeed, and then a Mag7 swoops in with unlimited money and an "offer you can't refuse" and then they aren't a company anymore.
World would benefit greatly if EU went ahead with tech tax. It's crazy how much IT companies get away with that would be the end of any other business.
Yes and: As a more palatable form of carbon tax?
Yes, mosedef, I'm all in.
Please post/share any news or tips you find. TIA.
The allocation of capital is not even close to a monopoly. There are plenty of VC firms looking to fund almost any idea.
The point of VC, specifically, is to grow software monopolies - but it's very easy to pick up VC funding if you happen to live in the Bay Area.