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Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win Them Back

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Author : Rebecca Giblin

Title : Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win Them Back

 

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A call to action for the creative class and labor movement to rally against the power of Big Tech and Big Media Corporate concentration has breached the stratosphere, as have corporate profits. An ever-expanding constellation of industries are now monopolies (where sellers have excessive power over buyers) or monopsonies (where buyers hold the whip hand over sellers)--or both.In Culture Heist, scholar Rebecca Giblin and writer and activist Cory Doctorow argue that thanks to "chokepoint capitalism," exploitative businesses create insurmountable barriers to competition that enable them to capture value that rightfully belongs to others. All workers are weakened by this, but the problem is especially well-illustrated by the plight of creative workers. From Amazon's role in radically changing publishing's economics, to the influence of Spotify in leveraging digital rights management, these few vicious monopsonists have lobbied for more barriers for new entrants.By analyzing book .

 

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