Controlling valuable pillars of internet utility -- the flow of information, social connections, music and video delivery -- has created tremendous wealth for a few while very little for stakeholders not on the company’s cap table.

Both forces—the Busy Bandwagon and the Infinity Pools—are powerful because they’ve become our defaults. In technology lingo, default means the way something works when you first start using it. It’s a preselected option, and if you don’t do something to change it, that default is what you get. For example, if you buy a new phone, by default you get

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