#market

joebraun@diasp.org

The world’s #liberal democracies now confront a tragedy of the #un-commons.” #Information spaces that people assume to be #public are strictly ruled by #private #commercial interests for maximum #profit. The internet as a self-regulating #market has been revealed as a failed experiment. #Surveillancecapitalism leaves a trail of social wreckage in its wake: the wholesale destruction of #privacy, the intensification of social #inequality, the poisoning of social discourse with #defactualized information, the demolition of social norms and the weakening of #democratic institutions.

https://www.nytimes.com/2021/11/12/opinion/facebook-privacy.html
#facebook #extraction

anonymiss@despora.de

Exploding housing #market prices and low salaries have left at least 10.000 families without their #homes in #Lisbon, #Portugal.

Source: https://www.goncalofonseca.net

Even as the Portuguese #economy reached its first surplus in decades, the housing situation was already dramatic. Now, with a looming social and economic #crisis powered by the #COVID-19 #pandemic, things are expected to get much worse.

#eu #europe #news #society #homeless #humanRights #politics #health

birdsong@diaspora.linuxlusers.com

#french #market
The French Market
French Quarters, New Orleans, Louisiana

In 1791, the French Market originated as a Native American trading post along the Mississippi River. From there it continued to evolve into a cultural and commercial hub for New Orleans, as French and Spanish colonists opened the market up to ships and traders from all over the world.

drnoam@diasp.org

Liberalise planning rules to fix a #housing #crisis – sounds logical, but it won’t work

https://www.theguardian.com/commentisfree/2021/jul/06/government-reforms-planning-laws-help-housing-crisis

The government response to soaring inflation is to promise to build more #homes at speed by loosening the planning system. It is a “supply side” solution, which sounds logical: rapidly increase the number of homes being built and prices will inevitably come down. It is a highly contentious approach, which cost the Conservatives the Chesham and Amersham byelection, but it sounds as if it should work.

The problem is that the housing #market does not function like a pure market, and while the #UK does have some of the highest prices in the world the #affordability crisis is not a peculiarly British issue; it’s a global problem, with an index by the property consultants Knight Frank revealing that global residential prices have risen by more than 60% in the past 10 years.

Cities around the world, from Auckland to Vancouver, are facing an affordability crisis, with huge price rises and extreme gentrification in cities linked to global capital flows and foreign investment rather than local circumstances. This ensures that increased supply will not bring prices down; the new luxury apartment complexes that now characterise British cities such as London, Manchester, Bristol and York, to name but a few, remain out of reach for the majority of house buyers. Many are sold “off plan”, straight to foreign investors, before they have even been built.

+

#capitalism

anonymiss@despora.de

Best Sellers Sell the Best Because They’re Best Sellers

source: https://www.nytimes.com/2020/09/19/books/penguin-random-house-madeline-mcintosh.html

We have the biggest list of #books, we have access to the most data, so we could have a very accurate view on a daily basis of how #consumer demand was shifting. We could see right away when #people were grabbing the sourdough bread book, or the birding book, or the inspirational #book, or the book that put this moment in the context of #history.

...

algorithmic #marketplace that serves up mostly the hits, driving a #cycle so self-fulfilling it’s nearly tautological: Best sellers sell the best because they are best sellers.

Unfortunately, marketing in its profit mania is mentally unable to recognize that in this case only books are written for the #algorithm. Similar to YouTube, where the big ones only produce videos on topics that are currently trending. This leads to a one-size-fits-all approach that kills any creativity and prevents new upcoming creative thinkers from evolving at all. These new thinkers could improve the world, but they have too few followers to be detected by the algorithm.


#market #economy #creativity #news #ai #software #algorithms #marketing #capitalism