Friday, March 08, 2019

YouTube and other social media companies appear to be heading to only allowing pre-approved quasi-professionals to post content (Pool); the attention v. transaction economy conflict

There’s a lot of talk today about how the “attention economy” (or “dark energy economy”) has replaced the transaction economy familiar to followers of Nicholas Taleb’s “Skin in the Game”. 

The Verge has a piece about this, and then purports that a video game “Fortnite” seems to have figured out how to expand the imaginary universe of the attention economy.  I even suggested this for a game night item to a FB friend – until I looked at some of the videos, and the “Battle Royale” of most of the scenes – with the emphasis on weapons – would put down a lot of people.  The game has a geography with it – but that made Global Pursuit popular in the pre-Internet age. 

Timcast put out a particularly disturbing video today “Youtube, Facebook will censor and ban alternative media eventually”. 

He gives the argument in economic terms and self-perpetuation – the same thrust of Martin Goldberg (Economic Invincibility) offered in November 2018, even before the latest Adpocalypse started – and then demonetization for comments, or even (of Lior Leser) for criticizing the comments policy. 

 Connected to all this is the bizarre influence on the SJW’s in modern corporate America and the advertising world, as a vengeful reaction to Trump. 

I think what Pool says better explains the impulse in the European Union to force platforms to take full responsibility for content and make them publishers – which will in time prevent average people from uploading content without the supervision of gatekeepers.  Indeed Axel Voss seems to believe the amateur Internet content intended for global reach is useless and should not be protected or even allowed – whereas “citizen content” is exactly what keeps the establishment in check and keeps it honest. 

In Europe the obsession is with copyright;  in the US it’s allowing fake news and a sudden turn in direction that consumers of news cannot become literate enough to recognize fake news  on their own.  The establishment media hasn’t done a very good job recently of avoiding the fakery of clickbait, as we saw from the Covington scandal. 
I want to refer to one of Umair Haque’s pieces, effectivley about "skin in the game" under socialism, now, which I will come back to soon.  Here’s the sneak preview.

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