Rebecca Giblin on chokepoint capitalism

> They don't have to and they benefit from that lack of transparency.

From opaque finance and accounting to cryptic legalese, I think _Information Asymmetry_ is always the very first chapter in the playbook to destroy competition and the so-called "free market". That's one of the reasons why crypto is so bad: no transparency and no oversight.

> Whenever we want to understand why something works the way that it does despite really obvious shortcomings, "the trick is to look at who's winning—and who's losing".

A.k.a.: "always follow the money". But of course most of the time you can't.

> There are only a few superstars who have the standing to negotiate equitable contracts (e.g. Taylor Swift in the music industry).

Actually, the Ticketmaster monopoly is too powerful for even Taylor Swift. Look at her very shy comments on the topic.