Open letter to Margrethe vestager to protect competition by making sure revenue-sharing for smaller brands is fair.
The European Union and the world missed the digital train that came with the dot com boom then gave birth to tech companies that grew to proportion that is unimaginable.
Big tech companies have become monopolies to the point where they can be considered to be the new standard oil.
The negative externalities that has come out from Big Tech and Big Data is that it is not easy to compete with them in any way form or shape. The opportunity anof competition has stagnated growth around the world especially for my generation which is a subject that I want you to take into consideration.
I do not want the European Union to miss out on another golden age that is about to take place just like the.com era.
The digital age that I am referring to is simply can be explained as to how we converse or use our current technologies. At the current moment we are going to a browser or we are inputting data into our phones interacting with data in these terms,but that is all about to change with a current technologies that are in existence which are known as mixed realities.
The digital age that I am referring to is simply can be explained as to how we converse or use our current technologies. At the current moment we are going to a browser or we are inputting data into our phones interacting with data in these terms,but that is all about to change with a current technologies that are in existence which are known as mixed realities.
I believe that the moment we enter this age where information is floating right in front of us and we are interacting with data and information through facial expressions or through other means and gestures will bring a new digital age and here is a good example it make my point.
I do not want the European Union and the world to sit idly by as big Tech and Big Data consolidate their power and make sure anyone who can challenges gets drowned out something that I plan on making sure I am not part of the Carnage and I plan on building my lifeboat and life jacket by contacting you Margrethe vestagers so that you can think deeply about what is about to arrive and what it means for the future of information especially in this age what information is weaponized by countries such as Russia and many other people who are planning on hijacking our democracy and our know a way of life.
Dear Margrethe vestager you went on to investigate big tech companies with their big data and you have found the effort to eliminate competition so that no one challenges them and they can continue to grow regardless of the consequences of their actions which is paid by everyone in the circular economy. It does not matter to them that they are destroying the livelihood of people the retail business are contributing the weaponization of information through their platform that has given an upper hand to nationalist and to everyone who considers democracy and freedoms to be nothing but futile.
I want you to understand that my request must be considered with a sense of urgency because if you choose to listen to what I have to say the digital train would not miss the European Union by your efforts in understanding what role you can play the facility help foster competition should have naturally grown out of big Tech and Big Data that would have been counterbalance to their power so that we do not suffer from the negative externalities of their monopolies.
When I say negative externalities I mean the following.
A negative externality is a cost that is suffered by a third party as a result of an economic transaction. In a transaction, the producer and consumer are the first and second parties, and third parties include any individual, organisation, property owner, or resource that is indirectly affected which includes BigTech and Big data.
So I want you to curve this digital toxic by product killing the competition or failure to understand the ecosystem of the digital revolution that is on doing we need big tech companies that can really only be facilitated if laws are enacted and the ecosystem is understood by you just like bacteria live in a Peachtree dish they need the right environment to grow and prosper that is what we want you to do with all the power you have.
I will give you an example from Google. Google is one of the few companies that was able to grow because of their ability to seize the moment and invest in the future to the point where there is no one can challenge them in regards to search or other products and they have made an ecosystem that has given birth do I need a new generation that is utilizing there ecosystem of technology such as YouTube to be more specific in terms of scaling the video to handle unlimited views of traffic.
What I hope to acomplish with you is for you to understand the Monopoly of AT&t and how competition was fostered within the ecosystem such as forcing AT&t to accept third line parties to share the telephone poles at lower cost so that they're able to establish their brands and eventually they can create their own lines which would lead to the end of the Monopoly AT&t.
AT&t is a very good case study in regards as to what we want to happen to Big Data and Big Tech put together because I don't think most people have taken the opportunity to ponder deeply where do we put checks and balances on Big Data to be as the new age of this digital century comes to forwishen.
The checks and balances what I'm referring to is to put legislation to make sure big Tech and Big Data has a limited role in the world of artificial intelligence which will stop them from making monopolies.
The check and balances will require legislative efforts to give an idea of what I'm talking about I have a good eye video from the ecosystem and which I want to protect because I'm part of it plus I also I want them to grow because we have reached the end of television I need you Dear Margrethe vestager to be part of one of those people who can articulate this vision so that AT&t and the Monopoly that was created under them by Wall Street and JP Morgan meet the same fate.
AT&t was delivered a shutout by the government and legislation from that supreme Court to barr them out of taking part of the next stage of the day original revolution that was ongoing that barred them from the internet even though that they were credited in inventing phones technology. AT&t was completely barred from participating in the internet revolution that was taking place, as a result like a companies get a chance to establish themselves such as Apple I'm the rest of the 500 Fortune company that exist today but this happened through real takedown of a monopoly that was literally bard from participating and this new technologies literally.
I want you Margrethe vestager to protect the ecosystem of people who are the future when it comes to information be more specific brands and individuals who I want to be the source of how information is consumed in the future. We have to have an ethical standard of recognizing people an individual and their efforts so that we are not taken by surprise with a digital revolution that's coming.
For example let me introduce just a simple brand that is in this ecosystem of YouTube that will be part of creating this story of working hard and being successful which is part of this new dream of young people of the internet, my young generation wants to be connected without borders and want to build their own brands especially when television is literally coming to an end. I present you business casual a YouTube channel as an example that covers history of AT&t.
I also introduced another channel called visualpolitik.
I am asking you to study the ecosystems of big Tech and Big Data so that when European Union begins to craft legislation we should have this vision of dealing with big data and big tech companies just like AT&t and one of the best ways you can foster competition and deliver on this from a square that future generation is to understand revenue-sharing especially on YouTube platform and find ways to get this company to be proactive in supporting organic growth through their revenue system that is confusing and unrelatable.
The end of television has already happened I am afraid this is another digital train that the European Union has only missed but also has failed to prepare for. When I say failing to prepare for this digital leap I'm talking about advertising and I'm talking about revenues that is the life line of our respected institution such as journalism which used to be gatekeepers over information so that lunatics and manipulators of data can't flood the system of information so that there's no trust in their system.
I'm asking you to be part of a future of building dams and levers and adjust to this new world that technology has given birth to that is within the ecosystem of big Tech and big companies that have not only graduated from where they used to be which was being under a banner over brand that showed cat videos to being a respected individuals who have combed their way by hard work and high quality content to be considered the next place where information will be consumed and the European Union must have their fingerprints on this change that has already transpired that need to be pushed and ecosystem be understood by the European Union.
Here's another great example from a German company that did good work on why Amazon is and the problem with big data on big tech.
I want to summarize and bring this open letter to a conclusion.
The European Union has an opportunity to shape the future so that monopolies do not become The New normal because we keep missing out when technological leaps are being made. I believe a technological leap has already been made especially when it comes to television that has already come to an end.
The European Union the must understanding the ecosystem of big Tech and Big Data and how we can support individuals with dreams that will be the architect of how information is consumed and understood by making sure You Margrethe vestager launch a detailed study that will help support and help the the individuals who were part of the ecosystem of Big Data.
The European Union the must understanding the ecosystem of big Tech and Big Data and how we can support individuals with dreams that will be the architect of how information is consumed and understood by making sure You Margrethe vestager launch a detailed study that will help support and help the the individuals who were part of the ecosystem of Big Data.
So I am asking you Margrethe vestager to be the architect of making sure the future is not destroyed because of big data and big Tech and the monopolist they plan on expanding regardless of the consequences of their negative externalities.
we are asking you to consider the future and we are asking you Margrethe vestager to take immediate action to support this idea of a dream of the people of the internet who want to be part of the idea of working hard and being creative should be lucrative for anybody regardless of where they are or who they are is one of my main goals and I hope you will take that into consideration and begin to initiate this systematic effort of ensuring competition innovation goes hand-in-hand by taking AT&t case study as to how it was brought down unlimited so that competition can prosper is my only request.
Please feel free to contact me so we can have a more structural conversation as to what we want lawmakers to do and what trends that we are seeing that you are not ignoring and how we want the future to turn out by systematically protecting ecosystems an individual dreams that'll bring change that would last a lifetime.
Thank you for reading this God bless you with a long healthy life and I hope to hear from you soon.