Astounded that the top comment is about meta-fucking-web.
This is a huge story. It has enormous impact, economically, politically, socially. We're seeing centralised ownership through the back door, via the mechanism which started out as "QE", and is now morphing into an all-engulfing zombie policy maker devouring free markets. And you don't need to be a free market fundamentalist to at least see that this is huge.
But...you see only a meta-UI bbg website angle? Oh brother. Wake up, get out of your tech hypnosis. In case you hadn't noticed, in the past 12 months tech lost its special-snowflake status and is now exposed to the same macro factors, including this one, as all other industries. You owe it to yourself and your stakeholders to start seeing much further than the web stack here.
Remember Ebola ? The war in Ukraine ? Malaysia Airlines Flight 17 ?
Paris terror attacks ?
January 2016 the oil slipped below $30 with long term low prices predicted by all experts..
Shanghai index collapsed for several days in a row. China slows down - China bubble is bursting - The world is entering recession.
Every week there's a huge story. They come and go.
You also have to realize that news media are weapons used in geopolitical and economic wars - a big part of what's reported has some sort of secondary goals. Even a minor shift in perception can translate into millions gained on the stock markets.
You owe it to yourself to see past all the informational pop corn that the media is producing and realize how little it matters wether you know the "huge" story or not.
no this is a major shift in how we are governed, it's creeping up multi-decade, and has huge future ramifications. It is literally the breakdown of everything we have taken for granted in economic governance in the past 100 years, and it telegraphs the kind of inflection point that leads to very big structural changes in society.
I'd call it one of those Thomas Kuhn style paradigm shifts in the making, this time applied to the sphere of economics.
It's not about a temporary price move, disease outbreak, or natural disaster, all of which are, I agree, all too regular.
This is a huge story. It has enormous impact, economically, politically, socially. We're seeing centralised ownership through the back door, via the mechanism which started out as "QE", and is now morphing into an all-engulfing zombie policy maker devouring free markets. And you don't need to be a free market fundamentalist to at least see that this is huge.
But...you see only a meta-UI bbg website angle? Oh brother. Wake up, get out of your tech hypnosis. In case you hadn't noticed, in the past 12 months tech lost its special-snowflake status and is now exposed to the same macro factors, including this one, as all other industries. You owe it to yourself and your stakeholders to start seeing much further than the web stack here.