No Mercy No Malice

Everything That Went Wrong in the Senate Hearing With Google, Facebook, and Twitter

‘This was an October surprise that didn’t even try to cover up how politically motivated the timing was and how flawed the mission.’

I grew up in L.A., so I’ve been to Disneyland a lot. My first lessons in economics and marketing — scarcity, fiat currency, opportunity cost, sub-brands — were in Anaheim. Between 1959 and 1982, park visitors were asked to engage in game theory and segmentation exercises to get the most magic from their kingdom. Admission, when I started going, set you back $3.75. It’s now $154, an inflation-adjusted increase in excess of 300% (#worthit). Ticket books were extra and segmented A-E (worst to best rides). E tickets, needed for the best rides, were a luxury brand positioned between Van Cleef & Arpels and Aman Resorts in the mind of an eight-year-old. They cost 85 cents.

I can’t stand it when people don’t know how to spend their money. I have successful friends in Florida who have a statue of themselves at the base of their circular stairway…