Quotessence
Home / Quotes / Quote by Naved Abdali

Quote by Naved Abdali

“Traders try to beat the market but don’t understand that cumulatively they are the market.”

Quote by Naved Abdali

Author

Naved Abdali

Browse famous quotes and profile details for Naved Abdali. more

You May Also Like

“This first generation of corporate barons left a lasting, if dubious, legacy: they made America more hierarchical, with new divisions between management and labor, between a professional class and everyday workers. They made the economy more centralized, consolidating power into a few mega-companies and their owners; they made it more globalized, keyed to international capital and trade. They diminished the voice of the ordinary citizen in society and politics in favor of educated, professionalized elites. In short, they gave America an entirely new political economy, what some historians have called corporate liberalism.”

“I proposed limits to tech’s addictive design features and reforms to confront tech’s political censorship. This followed from my efforts as Missouri attorney general to investigate Facebook (and Google) for antitrust and consumer protection violations. I was the first state attorney general in the nation to launch such a probe. Facebook, Inc. was not amused.”

“Big Tech’s business model is based principally on data collection and advertising, which means devising ways to manipulate individuals to change their behavior—and then selling that opportunity at manipulation to big corporations. The result? An addiction economy designed to keep us online as much as possible, as long as possible, to sell us more and more stuff and collect more and more information.”