Quotulatiousness

July 20, 2018

Fiat currency and the impact of cryptocurrencies

Filed under: Economics, Government, Technology — Tags: , , , , — Nicholas @ 03:00

At Catallaxy Files, Sinclair Davidson explains some of the advantages and disadvantages of both fiat (government-issued) and private currency:

As George Selgin, Larry White and others have shown, many historical societies had systems of private money — free banking — where the institution of money was provided by the market.

But for the most part, private monies have been displaced by fiat currencies, and live on as a historical curiosity.

We can explain this with an ‘institutional possibility frontier’; a framework developed first by Harvard economist Andrei Shleifer and his various co-authors. Shleifer and colleagues array social institutions according to how they trade-off the risks of disorder (that is, private fraud and theft) against the risk of dictatorship (that is, government expropriation, oppression, etc.) along the frontier.

As the graph shows, for money these risks are counterfeiting (disorder) and unexpected inflation (dictatorship). The free banking era taught us that private currencies are vulnerable to counterfeiting, but due to competitive market pressure, minimise the risk of inflation.

By contrast, fiat currencies are less susceptible to counterfeiting. Governments are a trusted third party that aggressively prosecutes currency fraud. The tradeoff though is that governments get the power of inflating the currency.

The fact that fiat currencies seem to be widely preferred in the world isn’t only because of fiat currency laws. It’s that citizens seem to be relatively happy with this tradeoff. They would prefer to take the risk of inflation over the risk of counterfeiting.

One reason why this might be the case is because they can both diversify and hedge against the likelihood of inflation by holding assets such as gold, or foreign currency.

The dictatorship costs of fiat currency are apparently not as high as ‘hard money’ theorists imagine.

Introducing cryptocurrencies

Cryptocurrencies significantly change this dynamic.

Cryptocurrencies are a form of private money that substantially, if not entirely, eliminate the risk of counterfeiting. Blockchains underpin cryptocurrency tokens as a secure, decentralised digital asset.

They’re not just an asset to diversify away from inflationary fiat currency, or a hedge to protect against unwanted dictatorship. Cryptocurrencies are a (near — and increasing) substitute for fiat currency.

This means that the disorder costs of private money drop dramatically.

In fact, the counterfeiting risk for mature cryptocurrencies like Bitcoin is currently less than fiat currency. Fiat currency can still be counterfeited. A stable and secure blockchain eliminates the risk of counterfeiting entirely.

Tank Chats #33 Panzer III | The Tank Museum

Filed under: Germany, History, Military, Technology, WW2 — Tags: , , — Nicholas @ 02:00

The Tank Museum
Published on 11 Mar 2017

The thirty-third Tank Chat, this time presented by Curator David Willey. Including a fascinating insight into pre-Second World War German tank production and how the Panzer III worked alongside its fellow Panzers.

To find out more, buy the new Haynes Panzer III tank manual. https://www.myonlinebooking.co.uk/tan…

The Panzer III was conceived in 1934 as the principle combat tank of the Panzer divisions. The Museum’s Panzer III went into action in the North African theatre of war and is believed to have been captured at the Battle of Alam Halfa.

Support the work of The Tank Museum on Patreon: ► https://www.patreon.com/tankmuseum
Or donate http://tankmuseum.org/support-us/donate

July 17, 2018

Juul threat

Filed under: Health, Technology, USA — Tags: , , , , , — Nicholas @ 05:00

John Tierney on the good news/bad news in the most recent smoking statistics in the United States:

Tobacco-company stocks have plunged this year — along with cigarette sales — because of a wonderful trend: the percentage of people smoking has fallen to a historic low. For the first time, the smoking rate in America has dropped below 15 percent for adults and 8 percent for high school students. But instead of celebrating this trend, public-health activists are working hard to reverse it.

They’ve renewed their campaign against the vaping industry and singled out Juul Labs, the maker of an e-cigarette so effective at weaning smokers from their habit that Wall Street analysts are calling it an existential threat to tobacco companies. In just a few years, Juul has taken over more than half the e-cigarette market thanks to its innovative device, which uses replaceable snap-on pods containing a novel liquid called nicotine salt. Because the Juul’s aerosol vapor delivers nicotine more quickly than other vaping devices, it feels more like a tobacco cigarette, so it appeals to smokers who want nicotine’s benefits (of which there are many) without the toxins and carcinogens in tobacco smoke.

It clearly seems to be the most effective technology ever developed for getting smokers to quit, and there’s no question that it’s far safer than tobacco cigarettes. But activists are so determined to prohibit any use of nicotine that they’re calling Juul a “massive public-health disaster” and have persuaded journalists, Democratic politicians, and federal officials to combat the “Juuling epidemic” among teenagers.

The press has been scaring the public with tales of high schools filled with nicotine fiends desperately puffing on Juuls, but the latest federal survey, released last month, tells a different story. The vaping rate last year among high-school students, a little less than 12 percent, was actually four percentage points lower than in 2015, when Juul was a new product with miniscule sales. As Juul sales soared over the next two years, the number of high-school vapers declined by more than a quarter, and the number of middle-school vapers declined by more than a third — hardly the signs of an epidemic.

July 13, 2018

How It’s Made: Laminated Wood Beams

Filed under: Architecture, Technology, Woodworking — Tags: , — Nicholas @ 02:00

Al Hilli
Published on 25 Apr 2013

July 12, 2018

“And that is how the Flat Century dies. Upstairs, downstairs isn’t just our past, it’s our future”

Filed under: Economics, History, Technology, USA — Tags: , , , , , — Nicholas @ 06:00

ESR looks in his crystal ball and finds a much less egalitarian future lurking just ahead of us:

I think we all better hope we get germ-line genetic engineering and really effective nootropics real soon now. Because I think I have seen what the future looks like without these technologies, and it sucks.

A hundred years ago, 1918, marked the approximate end of the period when even middle-class families in the U.S. and Great Britain routinely had servants. During the inter-war years availability of domestic servants became an acute problem further and further up the SES scale, nearly highlighted by the National Council on Household Employment’s 1928 report on the problem. The institution of the servant class was in collapse; would-be masters were priced out of the market by rising wages for factory jobs and wider working opportunities for women (notably as typists).

But there was a supply-side factor as well; potential hires were unwilling to be servants and have masters – increasingly reluctant to be in service even when such jobs were still the best return they could get on their labor. The economic collapse of personal service coincided with an increasing rejection of the social stratification that had gone with it. Society as a whole became flatter and much more meritocratic.

There are unwelcome but powerful reasons to expect that this trend has already begun to reverse.

[…]

But now it’s 2018. Poverty cultures are reaching down to unprecedented levels of self-degradation; indicators of this are out-of-wedlock births, rates of drug abuse, and levels of interpersonal violence and suicide. Even as American society as a whole is getting steadily richer, more peaceful and less crime-ridden, its lowest SES tiers are going to hell in a handbasket. And not just the usual urban minority suspects, either, but poor whites as well; this is the burden of books like Charles Murray’s Coming Apart. J. D. Vance’s Hillbilly Elegy, and the opioid-abuse statistics.

It’s hard not to look at this and not see the prophecies of The Bell Curve, a quarter century ago, coming hideously true. We have assorted ourselves into increasing cognitive inequality by class. and the poor are paying an ever heavier price for this. Furthermore, the natural outcome of the process is average IQ and other class differentiating abilities abilities are on their way to becoming genetically locked in.

The last jaw of the trap is the implosion of jobs for unskilled and semi-skilled labor. Retail, a traditional entry ramp into the workforce, has been badly hit by e-commerce, and that’s going to get worse. Fast-food chains are automating as fast as political morons pass “living wage” laws; that’s going to have an especially hard impact on minorities.

But we ain’t seen nothing yet; there’s a huge disruption coming when driverless cars and trucks wipe out an entire tier of the economy related to commercial transport. That’s 1 in 15 workers in the U.S., overwhelmingly from lower SES tiers. What are they going to do in the brave new world? What are their increasingly genetically disadvantaged children going to do?

Here’s where we jump into science fiction, because the only answer I can see is: become servants. And that is how the Flat Century dies. Upstairs, downstairs isn’t just our past, it’s our future. Because in a world where production of goods and routinized service is increasingly dominated by robots and AI, the social role of servant as a person who takes orders will increasingly be the only thing that an unskilled person has left to offer above the economic level of digging ditches or picking fruit.

Infrastructure has costs as well as benefits

Filed under: Britain, Economics, Technology — Tags: , , — Nicholas @ 03:00

Tim Worstall makes a sensible point that applies (to a greater or lesser extent) to most of these “we’re dropping down the league tables in telecommunications” stories:

The Daily Mail is reacting with horror to the thought that the UK has slipped down the broadband tables. We’re only 35th in the world for average speed now! The correct answer to which is that yes, of course the UK’s broad band speeds are slow, we’re a developed and rich country. Which doesn’t mean that yes we’ll have the latest in shiny infrastructure. Rather, it means that we put in infrastructure some time ago and thus have the infrastructure from some time ago. You know, having infrastructure being one of the things which makes you a rich and developed nation?

    Britain has slipped four places in the world broadband speed league, leaving its network lagging well behind the likes of Latvia, Lithuania, Hungary and Romania.

    The UK is the sixth largest economy in the world but has dropped to 35th in the rankings after being overtaken by France and even Madagascar, according to the latest analysis.

    As other countries rush to install fibre-optic cable networks which are capable of providing superfast download speeds, much of Britain continues to rely on old copper telephone wires to connect homes to the web.

Well, yes, the point being that we had a copper based network which went to pretty much everywhere. Thus we’ve not rushed to put in the fibreoptic because we’ve actually not needed it. Hey, sure, maybe it would be nice. Maybe it’s something we will install everywhere in the future. But we’ve not done it as yet because there’s not been a pressing case for that investment.

You see, our forebears already invested in the copper for us.

As a general rule of thumb, the earlier you invested in your telecommunications network, the slower it will be compared to current technology. At some point, it becomes economical to replace the installed network, but as long as the existing infrastructure is providing a profit, there isn’t the sense of urgency that most of these “the sky is falling” articles imply.

July 11, 2018

Environmentalists against science

At Catallaxy Files, Jeff Stier looks at situations when activists who normally fetishize their devotion to science will go out of their way to fight against scientific findings that don’t co-incide with their preferences:

The debate over regulation often devolves into a debate about “too little” versus “too much” regulation, split along the ideological divide. Too little regulation, goes the argument, and we are exposed to too much risk. Too little, and we don’t advance.

This binary approach, however, represents the dark-ages of regulatory policy. It was more frequently relevant when our tools to measure risk were primitive, but today’s technology allows much more precise ways to evaluate real-world risks. With less uncertainty, there’s less of a need to cast a broad regulatory net.

Regulation not warranted by countervailing risk just doesn’t make sense. That’s why a pseudoscientific approach, dubbed the “precautionary principle,” behind much of today’s regulation is so pernicious. This dogma dictates that it’s always better to be safe than to ever be sorry. The approach is politically effective not only because it’s something your mother says, but because it’s easier to envision potential dangers, remote as they may be, than potential benefits. Uncertainty, it turns out, is a powerful tool for those who seek to live in a world without risk.

But what happens when regulators can get a reasonably good handle on benefits and risks? Some potential risks have been eliminated simply because the basis for the concern has proven to be unwarranted. For more than two decades, the artificial sweetener, saccharin, came with a cancer warning label in the U.S.But it turned out that the animal experiment which led to the warning was later found to be irrelevant to humans, and the warning was eventually removed.

Warning about a product when risks are not well-understood is prudent. But it would be absurd to continue to warn after the science tells us there’s nothing to worry about.

Today, an analogous situation is playing out in the EU, where activists are using outmoded tests not just to place warning labels on silicones, a building block of our technological world, but to ban them outright.

The playbook is predictable: as the scientific basis for a product’s safety grows, opponents go to increasingly great lengths to manufacture uncertainty, move the goalposts and capitalize on scientific illiteracy to gain the political upper-hand.

We’ve seen these tactics employed in opposition to everything from growing human tissue in a lab, to harm-reducing alternatives to smoking, such as e-cigarettes. Now, the effort to manufacture uncertainty is playing out in the debate over the environmental impact of silicones, which are used to in a wide range of consumer, medical, and industrial products.

Fortunately, in the case of silicones, regulators in a number of countries, including Australia, have put politics aside and adhere to appropriate scientific methods to inform their decision-making.

July 9, 2018

We used to joke about the “Pre-Fab Four”, but now every major artist is pre-fab

Filed under: Business, History, Media, Technology — Tags: , , — Nicholas @ 03:00

Not only pre-fabricated, but with a global audience that has been trained to like their music in advance. You could go so far as to say they’ve been brainwashed into liking it. ESR commented on this and shared the following video.

Not just a get-off-my-lawn rant, very exact information on how modern production techniques and producers’ economic incentives squeeze the life and variety out of popular music.

I actually didn’t know how bad it had gotten out there, I never hear any of this chart-topping crap because I select my music from niche genres without lyrics – instrumental prog metal, jazz fusion, space ambient. I thought that was just me, but maybe such strict selectivity is what one has to do to avoid being inundated in garbage these days.

July 5, 2018

Tales of Cromwell tanks

Filed under: Books, Britain, History, Military, Technology, WW2 — Tags: , , , — Nicholas @ 02:00

Lindybeige
Published on 6 Apr 2016

War memoirs are filled with amazing anecdotes. Here I relate two, and ramble a bit about British WW2 tank units.
Support me on Patreon: https://www.patreon.com/Lindybeige

I am likely to return to this topic – anecdotes from war memoirs. It is a rich vein of stories. These come from Troop Leader by Bill Bellamy, which describes the author’s time commanding a trio of fast Cromwell tanks in World War Two, when fighting the Germans in Holland.

Lindybeige: a channel of archaeology, ancient and medieval warfare, rants, swing dance, travelogues, evolution, and whatever else occurs to me to make.

July 4, 2018

Open office plans do not increase personal interaction among workers

Filed under: Business, Health, Technology — Tags: , , , — Nicholas @ 03:00

From the abstract of a recent study:

Example of an open plan office
Photo by VeronicaTherese via Wikimedia Commons.

Organizations’ pursuit of increased workplace collaboration has led managers to transform traditional office spaces into ‘open’, transparency-enhancing architectures with fewer walls, doors and other spatial boundaries, yet there is scant direct empirical research on how human interaction patterns change as a result of these architectural changes. In two intervention-based field studies of corporate headquarters transitioning to more open office spaces, we empirically examined — using digital data from advanced wearable devices and from electronic communication servers — the effect of open office architectures on employees’ face-to-face, email and instant messaging (IM) interaction patterns. Contrary to common belief, the volume of face-to-face interaction decreased significantly (approx. 70%) in both cases, with an associated increase in electronic interaction. In short, rather than prompting increasingly vibrant face-to-face collaboration, open architecture appeared to trigger a natural human response to socially withdraw from officemates and interact instead over email and IM. This is the first study to empirically measure both face-to-face and electronic interaction before and after the adoption of open office architecture. The results inform our understanding of the impact on human behaviour of workspaces that trend towards fewer spatial boundaries.

This certainly matches my own experiences working at companies that changed their offices to more open or fully open spaces. The accountants may have loved the new spaces as being less expensive, but one of the key advantages claimed for open designs does not appear to be true.

H/T to Claire Lehmann for the link.

Tank Chats #32 Cromwell | The Tank Museum

Filed under: Britain, History, Military, Technology, WW2 — Tags: , — Nicholas @ 02:00

The Tank Museum
Published on 24 Feb 2017

The thirty second in a series of short films about some of the vehicles in our collection, presented by The Tank Museum’s historian David Fletcher MBE. The Second World War, British, Cromwell tank was one of the fastest tanks of the war.

June 30, 2018

Enriching the public in ways that do not show up in the GDP calculations

Filed under: Business, Economics, Media, Technology — Tags: , , , , — Nicholas @ 05:00

Tim Worstall looks at the calls to regulate the big tech firms and points out that we already get a very good deal on “free stuff” that isn’t reflected in standard economic statistics:

It won’t have escaped your attention that rather large numbers of people are calling for the regulation of the tech companies. The Amazon, Google, Facebook (Apple and Microsoft often added, just because they’re large) nexus have lots of power over markets and thus therefore – well, therefore something. My own prejudice here is that certain people just cannot look at centres of power and or money without insisting that they, the complainers, should be the ones exercising that power and determining the disposition of that money. Thus much of the drive for “democratic” regulation of the economy more generally, the self proclaimed democrats being the ones who would end up with the power. The advantage of this analysis being that it does describe reality, the same people do end up making the same arguments about different companies over time. Mere prominence brings the demand for control.

The economist on this subject is Jean Tirole. His Nobel was for exploring this very subject, tech companies and the two sided market. Google, for example, sells the search engine to us and us to the advertisers. The tech here is different, obviously, but the underlying economics is the same as that of the free newspaper.

Tirole’s a new book out and there are a number of interesting points to be had from it:

    Yes, on the whole consumers tend to get a good deal, because we use wonderful services — like Google’s search engine, Gmail, YouTube, and Waze — for free. To be certain, we are not paid for the valuable data we provide to the platforms, as for example Eric Posner and Glen Weyl remind us in their recent book Radical Markets. But on the whole, our living standards have substantially improved thanks to the digital revolution.

From which we can extract a few points. We’re richer, we really are. Substantially richer and yet in a manner that normal economic statistics entirely fail to capture. As Hal Varian has pointed out, GDP doesn’t deal well with free. Near all of those benefits of the digital revolution are coming to us for free and so aren’t recorded in that GDP. So, we’re richer yet the numbers say we’re not. In that is much of the explanation of slow economic growth these days, even of slow real wage growth. We’re just not counting what is happening to our living standards.

But we can and should go further than that. If the above is true then we’re very much less unequal than we’re recording. Stuff that’s free is, obviously enough, distributed rather more evenly among the population than extant monetary incomes. You, me and Bill Gates all have access to exactly the same amount of Facebook at the same price. We’re entirely equal in that sense. Bill’s actually poorer concerning search engines, stuck for emotional reasons with Bing as he is while we get to use Google or DuckDuckGo. Our standard measures of inequality are wrong both because of the undermeasurement of new wealth and also the extremely equitable pattern of the distribution of that new wealth.

Animation of How a Steam Locomotive’s Boiler Works

Filed under: Railways, Technology — Tags: — Nicholas @ 02:00

Ultimate Restorations
Published on 20 Aug 2012

http://ultimaterestorations.com See how the boiler of a steam locomotive works. Ultimate Restorations is the hit show that airs on public television across America.

June 28, 2018

QotD: Some positive aspects of the Great Depression

Filed under: Food, History, Quotations, Technology, USA — Tags: , , — Nicholas @ 01:00

… one fascinating thread about the Depression era in American food is the hunger, the poverty, the disruption to American households. But even at the height of the Depression, when a quarter of the workforce was unemployed, most people were not on relief, and most were not suffering malnutrition. Those people were, however, seeing some pretty remarkable transformation in how they produced, purchased and consumed food.

  • The tractor. Between 1930 and 1940, despite the fact that credit had dried up and farms were failing left and right, tractors became the majority of the horsepower available on American farms. Tractor technology itself improved during the decade, but the most remarkable advance was simply the number of draft animals who were replaced. This had far-reaching effects on American farms: It meant that more land could be put into cash crops or pasturage for food animals (because an enormous amount of available land had previously been needed simply to grow food to feed the draft animals). It increased the amount that a farmer could produce. It also meant that farmers were more exposed to market forces; you cannot grow diesel fuel on a spare field, and two amorous tractors do not make a new tractor every spring. And the capital required to buy a tractor favored larger farms, one of the first steps along the road to modern agribusiness.
  • The supermarket. The grocery store as we now know it — with open shelves where the customers gather their own goods — is a relatively recent innovation. A&P, generally regarded as the first modern grocery chain, entered the 1930s well-positioned to benefit from the Depression, because it had financed expansion out of retained earnings rather than debt. Its ability to offer low prices through bulk purchasing, low labor costs and good logistics helped it to grow even as other stores were failing. Naturally this triggered a backlash, culminating in some rather exciting legislative battles in Congress, and a law, the Robinson-Patman Act, that is still on the books today.
  • Commodity markets. Like stock exchanges, commodity markets — where things got a little hairy when farm prices collapsed — got a big new regulatory bill in the mid-1930s, the Commodity Futures Act. Even if you don’t care about commodity exchanges — and you should! — it’s worth knowing that there’s always something crazy going on when people are trading commodities.
  • Farm policy. The New Deal programs designed to deal with the crisis in American agriculture had vast and enduring effects on the nation’s food supply, changing how people farmed, what they grew and how they got paid for it.
  • Frozen food. Don’t sniff. Yes, frozen vegetables are not as good as vegetables picked at the peak of freshness and taken straight to your table from the garden or farmer’s market. This is the wrong comparison. What frozen vegetables and fish replaced was the usually inferior alternatives like canning, drying or salt-preserving, because most people could not afford to get fresh produce from a hothouse or a farm thousands of miles away. When General Foods debuted the Birds Eye line, it became possible for people to have tasty vegetables out of season or out of region at a reasonable price.
  • The refrigerator. There were other technologies that made inroads during the decade thanks to falling prices, improving design and rural electrification. The waffle iron and the toaster, among others, probably deserve at least a glancing mention, as does the electric range. But indisputable pride of place goes to the refrigerator, which had penetrated 20 percent of American homes by 1932, and 50 percent by 1938. That bears a second look: In the depths of the Great Depression, people are purchasing a major expensive appliance, which suggests just how great refrigerators are. The early models were primitive, but still represented an order-of-magnitude improvement over the icebox, which couldn’t maintain an even temperature, couldn’t freeze anything, and had to have its drain periodically scrubbed with a wire brush to get rid of the disgusting accumulation of green slime. The refrigerator was complementary to other developments, like the supermarket and the frozen food case, allowing less frequent marketing and a wider variety of temperature-sensitive foods.
  • Nutrition science. This almost always gets attention in histories of the era; most of that attention is not very nice. Yes, the concoctions that home economists came up with look awful to the modern eye. (I, for one, never want to find out what “cornstarch pudding” tastes like.) Yes, they got a bunch of stuff wrong. Yes, they were a little overintoxicated with idea of scientifically managing every aspect of human life, leaving no room for small matters such as, erm, flavor. But they were also coming out of an era when people frequently died of food-borne illness, or were permanently debilitated by vitamin deficiencies. And modern writers give far too little credit to the constraints that home economists were working under. Until the 1960s, just making sure you had enough calories on the table was a major part of the American household budget. Limited food supply chains did not offer the rich array of exotic ingredients we now take for granted, and cooking was something that every woman had to do a lot of, even if she had no interest or skill for the task. Providing calories with limited means (and limited cooks) took precedence over learning how to concoct the perfect pot-au-feu. The innovators who tackled these challenges did some harm, but they also did a fair amount of good, and they deserve better than the amused condescension they usually get.
  • Convenience foods. Obviously, the development of convenience foods was not limited to the 1930s. We got powdered gelatin, which is to my mind the first major convenience food, in the late 19th century; cake mixes, invented in the 1930s, properly belong to the 1940s as a mass phenomenon. But the 1930s had some notable contributions: Jiffy Biscuit Mix and Bisquick, refrigerator rolls, dry soup mix, and of course, that notorious old standby, Campbell’s cream of mushroom soup. For good or for ill, these things transformed American cookery.

We often think of these developments narrowly: A tractor can plow a few more furrows, a refrigerator lets you keep food a little longer, a biscuit mix lets you have bread on the table 30 percent faster. But these sorts of changes are not just shifts in degree, but changes in kind. The tractor changed not just how fast a farmer could work, but the kinds of work he could do; the supermarket and the frozen pea and the refrigerator worked in concert to revolutionize what a housewife could do, how she could do it, and therefore, what other things she could do with the time and energy she had freed up.

And all of these things, working in concert, made radical alterations to the kind and amount of food that we put into our mouths. The Great Depression left a lot of lasting legacies on the American landscape. But the most ubiquitous, and perhaps least noticed, is the way we eat.

Megan McArdle, “The Depression Was Great for the American Kitchen”, Bloomberg View, 2016-09-23.

June 24, 2018

Berlin protest planned against EU’s proposed copyright changes

Filed under: Europe, Law, Liberty, Media, Technology — Tags: , , , , — Nicholas @ 03:00

If you’re a regular internet user and you’re anywhere near Berlin, you might want to consider supporting this protest:

On Wednesday, the Legislative Committee of the European Union narrowly voted to keep the two most controversial internet censorship and surveillance proposals in European history in the upcoming revision to the Copyright Directive — as soon as July Fourth, the whole European Parliament could vote to make this the law of 28 EU member-states.

The two proposals were Article 11 (the link tax), which bans linking to news articles without paying for a license from each news-site you want to link to; and Article 13 (the copyright filters), requiring that everything that Europeans post be checked first for potential copyright infringements and censored if an algorithm decides that your expression might breach someone’s copyright.

These proposals were voted through even though experts agree that they will be catastrophic for free speech and competition, raising the table-stakes for new internet companies by hundreds of millions of euros, meaning that the US-based Big Tech giants will enjoy permanent rule over the European internet. Not only did the UN’s special rapporteur on freedom of expression publicly condemn the proposal; so did more than 70 of the internet’s leading luminaries, including the co-creators of the World Wide Web, Wikipedia, and TCP.

We have mere days to head this off: the German Pirate Party has called for protests in Berlin this Sunday, June 24 at 11:45h outside European House Unter den Linden 78, 10117 Berlin. They’ll march on the headquarters of Axel-Springer, a publisher that lobbied relentlessly for these proposals.

If you use the Internet to communicate, organize, and educate it’s time to speak out. Show up, stand up, because the Internet needs you!

Original post, with embedded links, at BoingBoing.

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