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7 years, 4 months ago

a commitment to the local meh/analysis

But rather than offer a set of policy proposals, I would repeat a prescription for a just society that begins with “a commitment to the local, the plural, the small scale and the active.” Those are the qualities the Web must have, even if it means cutting off the flow of revenues to giant companies…

—p.207 The Know-It-Alls: The Rise of Silicon Valley as a Political Powerhouse and Social Wrecking Ball The Future (201) by Noam Cohen
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7 years, 4 months ago

engineers should become rich and powerful

Who would have thought to impose the values of the lab on the world, anyhow? That person was Frederick Terman, Stanford’s ambitious provost who didn’t understand why his university and its students and faculty shouldn’t profit from their brilliant ideas. He promoted the idea that engineers should b…

—p.204 The Future (201) by Noam Cohen
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7 years, 4 months ago

the paypal mafia

There is something jarring about a group of self-styled survival-of-the-fittest free-marketeers committing to a strategy of collective risk and mutual support. At least one pillar of the Silicon Valley ideology was toppled by this arrangement: that success was handed out to an entrepreneur strictly…

—p.166 Reid Hoffman et al. (161) by Noam Cohen
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7 years, 4 months ago

the commercial underpinnings of web 2.0

The tools for collaboration and direct publishing that Tim Berners-Lee had argued for at the start were introduced to the mainstream during these years as Web 2.0. This phrase immediately stuck in his craw, however. What exactly was new—2.0-ish, that is—about these companies built around user contr…

—p.162 Reid Hoffman et al. (161) by Noam Cohen
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7 years, 4 months ago

theory of benevolent monopolies

Under this theory of benevolent monopolies, government regulations and laws are unnecessary. Taxes are in effect replaced by monopoly profits—everyone pays their share to Google, Facebook, Amazon, PayPal. And in contrast to the government, these profits are allocated intelligently into research and…

—p.158 Peter Thiel (137) by Noam Cohen