The first Internet boom, back in the 90’s, struck me as a very expensive attempt to buy up all the available surface area of the Internet, so monopoly rents could be extracted. And at first I thought that was impossible, that all that money would have been wasted. But now that the Internet is expected to pay for content as if it were television, and people have bought into this fraud, I think I was wrong, and that buy up must have been successful.
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