Attention Economy


Monday, February 5, 2024

Western Democracies in Trouble

Dissatisfaction with democracy is corrosive
https://www.ft.com/content/9a714114-03bf-4914-a5d2-8592fdb80248
The UK is caught in a vicious downward spiral at a time when it needs bold leadership and imaginative policy
 
What ancient Athens can teach modern America about law and democracy
https://www.ft.com/content/9f0f07a1-efe3-4c86-b798-5ffcff52fef4
Despite the claims of Donald Trump and his supporters, there is nothing undemocratic about courts simply doing their job
 
Trump Doesn’t Threaten Democracy—He Embodies It
https://www.wsj.com/articles/trump-doesnt-threaten-democracy-he-embodies-it-2024-election-b82cf286
His danger arises from his refusal to respect the institutions that serve to constrain popular rule. 

How Loud Billionaires Convert Their Wealth into Power
https://www.nytimes.com/2024/02/05/opinion/ackman-billionaires-musk-trump-social-media-x.html
William D. Cohan:
I believe this is happening for two reasons: First, I’m embracing a theory in the world of social networking known as “preferential attachment”: The tendency for the rich to get richer applies not only to money, but also to the ability of the well connected to garner more attention. Second, I believe that vast wealth uniquely insulates the rich from the consequences of their speech. All gas, no brakes.
The Supreme Court’s 2010 Citizens United decision — which declared that political spending is a protected form of free speech — started as a legal judgment, but is slowly becoming a cultural norm as well, as an increasing number of media outlets, among them X and the Sinclair Broadcast Group, have wealthy owners, some of whom delight in taking a distinctly hands-on approach to making their own politics the politics of the platforms they own.