📣 🚨 🪩 I'm delighted to announce "Funding The Web: a covenant for browsers, search, and people", new work from yours truly generously supported by D//F: ftw.fund. It's a complicated topic but it only impacts the whole web, so please bear with me a little! 🧵
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ftw.fundFunding The Web: A Wise ChoiceThe Web is slow-motion collapsing for multiple reasons, but at the heart of it all is a little known system: the Search/Browser Levy. Let's fix it!
Much worse: this system defunds the whole of the web, and notably the media. Thanks to its monopoly, Google charges *far* higher prices for ads than it normally could and gets a much higher share of web marketing channels than it should. That's money, in the tens of billions, not flowing to the web.
Has anyone figured out how to operate and govern complex, critical, transnational digital infrastructure? Yes! The dangerous radicals from [*checks notes*] the finance industry solved that problem… 50 years ago. SWIFT is a coop of 10,000 banks that does exactly that — and there are other examples.
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