by Zoë Pollock
Jaron Lanier tackles the question:
I'm astonished at how readily a great many people I know, young people, have accepted a reduced economic prospect and limited freedoms in any substantial sense, and basically traded them for being able to screw around online. There are just a lot of people who feel that being able to get their video or their tweet seen by somebody once in a while gets them enough ego gratification that it's okay with them to still be living with their parents in their 30s.
This term refers to what happens when a company — Wal-Mart, Google and Apple are his three main examples — conquer certain sectors of the economy quickly and completely, and their dominance over that sector is so complete that it creates a stranglehold over that part of the market, effectively destroys the so-called "Mom-and-Pop" vendors that used to coexist with it… [T]he way that the successful company's system is set up — with a "My way or the highway" mentality — can turn vendors and business partners into indentured servants who are terrified to innovate, or even quit their association with the big company, for fear of being financially obliterated.