Louis-Philippe V ronneau: Book Review: Chokepoint Capitalism, by Rebecca Giblin and Cory Doctorow
Two weeks ago, I had the chance to go see Cory Doctorow at my local independent
bookstore, in Montr al. He was there to present his latest essay, co-written
with Rebecca Giblin1. Titled Chokepoint Capitalism: How Big Tech and
Big Content Captured Creative Labor Markets and How We'll Win Them Back, it
focuses on the impact of monopolies and monopsonies (more on this later) on
creative workers.
The book is divided in two main parts:
- Part one, Culture has been captured (chapters 1 to 11), is a series of case studies that focus on different examples of market failure. The specific sectors analysed are the book market, the news media, the music industry, Hollywood, the mobile apps industry and the online video platforms.
- Part two, Braking anticompetitive flywheels (chapters 12 to 19), looks at different solutions to try to fix these failures.
- Transparency Rights giving creative workers a way to audit the companies that sell their work and make sure they are paid what they are due.
- Collective Action
- Time Limits on Copyright Contracts making sure creators that sell their copyrights to publishers or labels can get them back after a reasonable period of time.
- Radical Interoperability forcing tech giants to make their walled-gardens interoperable.
- Minimum Wages for Creative Work enforcing minimum legal rates for workers in certain domains, like what is already done for screenplays in the US by members of the Writers Guild of America.
- Collective Ownership
- Professor at the Melbourne Law School and Director of the Intellectual Property Research Institute of Australia, amongst other things. More on her here.
- Amazon owns more than 50% of the US physical book retail market and has an even higher market share for ebooks and audiobooks (via Audible). Not only this, but with the decline of the physical book market, audiobooks are an increasingly important source of revenue for authors.
- Natural monopolies happen when it does not make economic sense for multiple enterprises to compete in a market. Critical infrastructures, like water supply or electricity, make for good examples of natural monopolies. It simply wouldn't be efficient to have 10 separate electrical cables connecting your house to 10 separate electric grids. In my opinion, such monopolies are acceptable (and even desirable), as long as they are collectively owned, either by the State or by local entities (municipalities, non-profits, etc.).