Show threadStrypeyJan 17, 2019
@clacke private debt implies usury, which implies that there is extra value to be extracted as a "return on investment". Enough to make it worth the risk of defaults. With a lot of latent economic energy, the returns are not high enough, or the scale not big enough, or the timeframe for result not short enough, to interest the lenders who are sitting on all the gold on behalf of the 1%. Besides, as #DougRushkoff explains in #ThrowingRocks... this just reinforces the financialization of power.
StrypeyJan 14, 2019
@z428 I think we're talking past each other. I'm objecting to web ads and tracking. I have no problem with charging users for premium services, like #Pinboard.in, the new #FlickR, #Loomio, and so on. Also Vulture Capitalists are the people who use capital as a tool to extract value from online service companies, as described by #DougRushkoff in his #ThrowingRocks book, not the people running the services.
@pootz
Show threadStrypeyJan 10, 2019
Note that this was 3 years before #DougRushkoff published #ThrowingRocks, and 4 years before @aral did his talk about unicorns
(https://2017.ind.ie/excuse-me/),
but it was motivated by a similar disillusionment with the #VultureCapitalist model of financing internet services.
Ind.ie — Excuse Me, Your Unicorn Keeps Shitting In My Back Yard, Can He Please Not?