Summary of Google, Facebook, Amazon - El poder ilimitado de los consorcios digitales | DW Documental

00:00:00 - 00:40:00

The video discusses the power of digital companies, such as Google, Facebook, and Amazon. It argues that these companies have too much power and need to be regulated in order to protect democracy.

• 00:00:00 The video discusses how the digital monopolies of Google, Facebook, Amazon, and Apple have transformed the economy, resulting in increased wealth and opportunities for the few at the expense of the many. It also touches on the issue of tax evasion by the wealthy, and the negative effects it has on social and economic inequality. Ultimately, the video argues that we need to address taxes as a whole in order to create a more fair and equitable society.
• 00:05:00 The video discusses the power of digital consortia and how they have become increasingly dominant in recent years due to the pandemic. The main points are that the true creators of wealth are the farmers, the nurses, the caregivers, etc. If these workers stop working, the society collapses. This is what pushes companies like Google, Facebook, and Amazon to set up shop in rural areas, such as in Oregon in prime build. Facebook has invested 2 billion dollars into a data center before the arrival of technology companies, and before these companies became big employers. This was a very peaceful town before these companies came, and the administrative headquarters of the county economy was stagnant before they arrived. In 2009, Facebook attracted Facebook with tax exemptions. The city then relieved Facebook of 130 million dollars in taxes, even though Facebook had generated income of over 30 billion dollars in 2020. If these companies had not come, we would not have the infrastructure we have and excellent school programming programs. Facebook is building a data center in the area and has already confirmed that it has awarded three million dollars in voluntary subsidies. If Facebook is very present in the place and many people work there, but I do not think we are a city to Facebook. We are partners with the company, but our identity remains
• 00:10:00 In this video, Professor Scott Galloway discusses the rise of Amazon, which began in the early 2000s. He points out that while Amazon may be a difficult company to work for, it is essential for businesses that sell online. Galloway also points out that while Amazon is a competitor to traditional retailers, it is also a vital partner to small businesses.
• 00:15:00 In this video, the power of digital consortia is explored, with examples of companies such as Google, Facebook, and Amazon. These companies are not just in the business of selling products, but also purchase competitors and use their technology or bury them. Apple, founded in 1976, is the most valuable company in the world, with a market value of $3 billion. Its founder, Steve Jobs, was famously presented in 2008 as a platform for software sales. Apple has sold nearly two billion iPhones worldwide. In order to sell software, Apple requires a third of its customers' revenues. Developer Deivid Jansson (whose company, Epic Games, filed a antitrust complaint against Apple) does not want to accept this business model. Malibu, California, is the home of another tech giant, Facebook. The company was founded in 2004 by Mark Zuckerberg with a capital of $24,000. As of 2022, Facebook is the most valuable company in the world, with a market value of $262 billion. Silicon Valley's businesses rely heavily on data acquisition and use it to target advertising and political campaigns. Activist groups have placed "dead bags"--filled with dead animals--outside of Facebook's Washington, D.C.
• 00:20:00 The video discusses how powerful digital consortia, such as Google, Facebook, and Amazon, are, and how they can often determine how information is disseminated without regard for the consequences. In 2018, Facebook CEO Zuckerberg testified multiple times before US Senate committees about how his company's primary mission is to connect people. The US government opened several legal proceedings against the tech giants, with the US Department of Commerce demanding Facebook pay $22 billion for creating a monopoly. The Department of Justice also considered dismantling the companies until now without much success. However, things have now reversed, with the technology innovators of the companies, who have a technological advantage because of their greater resources, being the ones who are lobbying the government to regulate them. Two new European Directives would be the beginning of regulating these companies more effectively. The Law on Digital Services, which would guarantee platforms like Facebook and Twitter take more responsibility, would eliminate illegal content, protect user privacy, and guarantee fair competition. The Law on Markets in Digital Services defines rules of fair competition, allowing for competition and sharing data. This would impact Amazon, Apple, and Google. The European Competition Commissioner, Magdalena Andersson, has already begun to hold these companies accountable by requiring them to recognize their responsibilities and limitations. Facebook
• 00:25:00 The video discusses how digital monopolies, such as Google, Facebook, and Amazon, have an unlimited power to influence legislation and economic decisions. These companies are able to exert pressure on lawmakers through lobbying, but if that fails, they still have the long and arduous legal process to contend with. The European Commission has proposed creating 80 "digital public interest organizations" to help enforce regulations. However, only Apple, with a staff of 900, is able to compete in terms of financial resources and the number of lawyers working for them. Commitment to doing things well is what is needed from these companies in order to counterbalance the power of the private monopolies. In the United States, two states have already attempted to break up Apple's monopoly through legislation - Arizona in 2016 and Dakota in 2017. However, as the video points out, these states are not powerful enough to change the system on their own and need the help of other sovereign states to do so. China is also a major player in the digital monopolies, with Amazon being its Chinese subsidiary, and is using its economic power to expand into strategic industries. The video concludes by saying that the current system of elections and corporate lobbying is corrupt and needs to be changed in order to protect democracy.
• 00:30:00 The video discusses the power of digital consortia, focusing on the examples of Google, Facebook, and Amazon. The main project China is undertaking to build infrastructure for the 21st century is the agreement between Belgium's King Philippe and Jack Ma, the founder of Alibaba. The proximity of the state and businesses is typical of China, says the expert, and this has increased significantly in the last year due to the expansion of so-called "citizen cells" of the Chinese Communist Party. These cells are corporate entities within private sector consortia, but are especially concentrated in the technology sector. Alibaba also employs officials of the Communist Party as well as profit and politics in service of the party. The finance minister of Luxembourg says there is no danger of state-controlled digital commerce. I am not a defender of authoritarian states, he says. Global commerce is a reality and I prefer the exchange of goods between democratic countries. I am not naive, though, and I do not believe that we live in a world where we are only "good" if we are only successful. Our options are only digital commerce or Chinese imperialism. Since the decline of steel industry in the US about 30 or 40 years ago, the rate of unemployment has been high, with no end
• 00:35:00 The video discusses how digital companies, such as Google, Facebook, and Amazon, have an undefinable amount of power. Chain, which specializes in cryptocurrency, wants to create "innovation zones" with its own municipal regulations. However, due to resistance from influential groups, the project has been temporarily halted. The Governor of Nevada, Steve Sisolak, has hired influential groups of pressure to get him to pass the bill, but soon after, he announces a project to create "innovation zones" with the help of block chain, which is met with skepticism by the journalist, Sam Mets. The Governor of Nevada, Steve Sisolak, is fighting against the power of Google, Facebook, and other large tech companies, but he'll have to do it without the help of the Republican party. Maria, a cyber expert, believes that it's best to act globally in order to take advantage of these companies' power. We need to start understanding just how much power these companies have, and then we need to create mechanisms to ensure that the balance is restored and that democracy is the first priority, not technology.
• 00:40:00 The professor believes that Facebook and other digital consorcios are creating a power imbalance whereby the companies can collect data on their users and use it to generate profits. These operations that increase divisive content for financial gain, increase hate with the same motives, and increase lies that cost people money are illegal measures that should be prohibited. Currently, existing laws could be adapted to deal with the digital age's actors, but she believes that it is time for a more comprehensive solution. The past 50 years of capitalism have been good for the world, and we need to keep that going by adapting it to the digital age.