After its recent IPO, Twitter is valued at nearly $25Billion. Now what is Twitter? Millions of tweets created and shared by users plus some ads. But how many users get a piece of that $25Billion? Well, none.
Where would Facebook be without Friends? What would Twitter, Amazon, Yelp, and any network whose value is based on our data, be without us – sharing photos and feelings, making purchases, registering opinions. More than programming or advertising, TV has always been about selling our eyeballs. Likewise, today’s online giants are selling our visits, our clicks, our shares.
JARON LANIER, in his new book, WHO OWNS THE FUTURE?, writes: “At the height of its power, Kodak employed more than 140,000 people and was worth $28 billion. They even invented the first digital camera. Today Kodak is bankrupt, and the new face of digital photography is Instagram. When Instagram was sold to Facebook for a billion dollars in 2012, it employed only 13 people. Where did all those jobs disappear? And what happened to the wealth that all those middle-class jobs created?”
He believes the emerging business model in which companies with relatively few employees profit off the participation of all of us, could doom any hope of a rebirth of the middle class. Lanier wants to solve a problem not many are talking about, and he envisions a radical solution — “a highly humanistic economy – one that will reward people for the valuable information they share with networks and the companies that control and profit from them.
This week, in the second of a two-part series (Part One with CARL HART, author of HIGH PRICE: A Neuroscientist’s Journey of Self-Discovery that Challenges Everything You Know about Drugs and Society) I’m joined by DOUG FINE to talk about the accelerating movement to change the rules on marijuana. According to Fine, as the economy continues to limp along for most Americans and California cities declare bankruptcy, one action — the legalization of marijuana — would save government billions per year while raising huge sums in taxes. According to TIME, the legal medicinal cannabis economy already generates $200 million annually in taxable proceeds from a mere five hundred thousand registered medical users in just sixteen states. 51% of Americans support full legalization (cannabis regulated for adults like alcohol), and 80% support medicinal cannabis legalization.
Fine’s book, TOO HIGH TO FAIL: Cannabis and the New Green Economic Revolution, is just out in paperback. In a postscript added to the new edition, Fine writes,” On November 6, 2012, Colorado and Washington voters ended the Drug War. That is to say, voters in both states overwhelmingly legalized adult social use of cannabis (Colorado’s new law, vitally, also allows industrial cannabis cultivation). It is no stretch to say that the Berlin Wall of the Drug War fell.” We’ll talk about how quickly the landscape is changing and look ahead to the era of legal marijuana.
Q&A w/ author, Carl Hart – HIGH PRICE: A Neuroscientist’s Journey of Self-Discovery that Challenges Everything You Know about Drugs and SocietyWritten on June 18th, 2013
This week’s guest, neuroscientist CARL HART grew up in one of Miami’s toughest neighborhoods and, in his first book, HIGH PRICE, he explores how it is that he avoided becoming one of the crack addicts he now studies.
Columbia University’s first tenured African American professor in the sciences, Hart goes beyond disputing myths, falsehoods, and ignorance about drugs, drug users, and drug policy. He has been engaged in cutting edge research since the late 90s, testing individuals with actual drugs. His controversial work is redefining our understanding of addiction. He examines the relationships between drugs, pleasure, choice, and motivation, both in the brain and in society. Hart’s findings shed new light on issues of race, poverty, and drugs, and help explain perhaps more clearly than ever why current policies are doomed to fail.
We’ll talk about her newest book, THE LAW OF DIVINE COMPENSATION: On Work, Money, and Miracles. Examines the power of thoughts to attract-or deflect-breakthroughs in the areas of work and money.
Marianne Williamson is an internationally acclaimed spiritual author and lecturer. Six of her ten published books have been New York Times Best Sellers. Four of these have been #1 New York Times Best Sellers. Her books include The Age of Miracles, Everyday Grace, A Woman’s Worth, Illuminata, Healing the Soul of America, A Course in Weight Loss, and The Gift of Change, and her newest, THE LAW OF DIVINE COMPENSATION: On Work, Money and Miracles
I will reflect on Tuesday’s election with ROB JOHNSON of the INSTITUTE FOR NEW ECONOMIC THOUGHT and SHERLE SCHWENNINGER of NEW AMERICA FOUNDATION.
Asking things like: Who does the campaign and the result say we are as a nation or a culture? Where are we likely to go from here? What does the election mean — in the broadest sense: about money, politics, power, media, culture, parties, movements, as well as in relationship to Europe, China, the Middle East, and the rest of the world?
We’ll talk about the (ideal) (evolving) (actual) role of the United States in the unfolding global story.