“Few publishers really want to talk about the depths or mechanics of Google’s role in news publishing. Some of this is secrecy about proprietary information; most of it is that Google could destroy or profoundly damage most publications if it wanted to. So why rock the boat?”
. . . “Monopolies are bad for the economy and they’re bad politically. They also have perverse consequences across the board. The money that used to fund your favorite website is now going to Google and Facebook, which doesn’t produce any news at all.
We could see this coming a few years ago. . . But journalism is not fine right now. And journalism is only one industry the platform monopolies affect. Monopolies are bad for all the reasons people used to think they were bad. They raise costs. They stifle innovation. They lower wages. And they have perverse political effects too. Huge and entrenched concentrations of wealth create entrenched and dangerous locuses of political power.
So we will keep using all of Google’s gizmos and services. . . In the microcosm, it works. . . . It’s good money. But big picture … Google is a big, big problem. So is Facebook. So is Amazon. Monopolies are a big, lumbering cause of many of our current afflictions. And we’re only now, slowly, beginning to realize it.”
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