By Scott Cleland – If prices are zero and property scorned, where’s the growth, jobs or value creation?
To grow and create jobs and lasting value for everyone, markets need: prices above costs; people and property safe to create value; and market competition to create choices and accountability.
Current U.S. Internet-commons [2, 3] policies yield the opposite, regulatory advantaging the Internet business world of “bits” massively over the non-Internet business world of “atoms.”
This profoundly asymmetric regulation generates Internet winner-take-all outcomes, and structurally inhibits non-Internet economic and employment growth — in two ways.
One is the huge asymmetry in the rules of the game.
Several Big Internet companies enjoy unbeatable special government treatment, rules and advantages over all other companies.
The other is a hugely unlevel playing field.
Big Internet algorithmic marketplaces — like Google’s, Amazon’s and Facebook’s, among others’ — face virtually none of the accountability and transparency requirements that non-Internet markets and exchanges face.
When one exposes the extreme corporate welfare that the U.S. Government now lavishes on Big Internet companies, Big Internet’s worshipped “innovative disruption” looks more like crony capitalism leveraging unbeatable Washington insider influence to privatize their disruptive profits, while socializing the public costs of purposely destroying many millions of American jobs. more> https://goo.gl/zAMUyV
By Mike Keller – After you land, you hire an autonomous taxi to take you home. Along the way, the vehicle slips through intersections without stoplights, a technology made obsolete when robotic systems started communicating with each other in real time to avoid collisions. Meanwhile, your smartphone alerts your smart home that you’re coming, engaging its high-efficiency battery banks to power your environmental, lighting and sound preferences.
