Parasite

02024-10-13 | Culture | 0 comments

Consider reading this article Are We Now Living in a Parasite Culture? by Ted Gioia, posted on his Substack.

Some platforms are more generous than others, but in every instance the parasite gets much richer than the creative talent.

Hence, for the first time in history, the Forbes list of billionaires is filled with individuals who got rich via parasitical business strategies—creating almost nothing, but gorging themselves on the creativity of others.

And

Recall that only ten percent of animal species are parasites. What happens if that number grows to 30% or 50% or 70%? That must have catastrophic consequences, no?

This is precisely the situation in the digital culture right now. Google’s success in leeching off newspapers puts newspapers out of business. Musicians earn less and less, even as Spotify makes more and more. Hollywood is collapsing because it can’t compete with free video made by content providers.

I think he nails it. A+. Is that the world we want to live in? I suggest reading the entire article because it is very good and also suggests possible remedies.

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