Discussion about this post

User's avatar
Philip Verges's avatar

The prevailing system of governance is outdated and out of line (arguably broken) with the current cultural priorities. The systematic breakdown is being exploited by election politics. You point out the complicit cooperation of big tech in exchange for financial gain. However, you don't include capitalism in your conversation of democracy. Capitalism is as vital an institution as democracy and in America, the two are symbiotic. I contend the solution will involve addressing both. In fact, I contend the cornerstone of America's multifaceted sociopolitical divides is the wealth divide. The US economy is the source of America's greatness as a humanitarian democracy. The US GDP comes primarily (70%) from consumer spending. Consumers, or shall we say, Citizen-Consumers, are the greatest asset of the US economy and in turn, America's greatness as a humanitarian democracy. Citizen-Consumers are the fuel that drive those big tech firms and every other larger corporation for that matter. The US public financial market is a national asset that depends on the purchasing of Citizen-Consumers - rent, mortgage, care payments, groceries, phone bills, Netflix ... The market capitalization value of all those publicly traded companies depends on Citizen Consumers, BUT the Citizen Consumers have no benefit from the value of the publicly trade stock that depends on their purchasing loyalty. If all Citizens were shareholders, the political, big tech broeaucracy would be a different game. Don't forget the role of capitalism when you formulate solutions:

https://open.substack.com/pub/findingwe/p/a-novel-simple-and-compelling-economic?r=3ji8n5&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

Expand full comment
Ned McDoodle's avatar

Posted on Linked. Later on Blue Sky. The only two social media I use, the latter not as much. Re-stacked here. Are you in contact with the fair Ms Cadwalladr?

Expand full comment
4 more comments...

No posts