How does Facebook’s platform and corporate ideology reflect or relate to the “rent- seeking” practices that Stieglitz outlines?
I need support with this Writing question so I can learn better.
Readings: “Mark Zuckerberg’s War on Free Will,” by Franklin Foer
“Rent Seeking and the Making of an Unequal Society,” by Joseph Stiglitz
In paper one we analyzed the effects of pervasive mechanical thinking on users. Stieglitz talks
about market ideology – particularly rent seeking behavior – controlling too much of american
life, arguing, “One of the ways that those at the top make money is by taking advantage of their
market and political power to favor themselves, to increase their own income, at the expense of the rest.” In Foer’s piece, he presents Facebook as a morally unaccountable corporation, with a potentially disastrous corporate ideology, but doesn’t necessarily invoke their profit-drive.
Answer the following questions drawing from both texts with quotation and summary:
Q: How does Facebook’s platform and corporate ideology reflect or relate to the “rent-
seeking” practices that Stieglitz outlines?
You should be comfortable with these terms and ideas before writing your paper:
– Wealth transfer
– Rent seeking practices, including rent, monopolies, natural resource sales, and
– The government’s role in propagating rent-seeking behavior
– Facebook’s influence over society.?
4 pages needed. Double spaced