[inaudible conversations] this hearing will come to order. Ms. Cantwell will join us remotely at the beginning of the hearing. We convene to continue work to make sure the laws that govern it are sufficiently uptodate the internet is a Great Success story thanks in large part to the regulatory and legal structure that we cannot take that for granted and with those prominent internet platforms the witnesses include mr. Jack dorsey. And Mark Zuckerberg of facebook. On october 1st the committee voted on bipartisan and unanimous basis to approve the issuance of subpoenas after discussions among representatives and the Committee Witnesses have agreed to voluntarily and remotely appear there is a strong agreement on both sides of these aisled that hearing frm these witnesses with those deliberations before this committee with legislative reformss with a free and open internet i was 25 years it has been the hallmark of a driving Digital Economy in the United States this has been attributed b
Eastern on cspans q a. Ceos of facebook, twitter and google appeared virtually at a Senate Commerce hitting Senate Commerce hearing. Republicans question whether the companies were censoring conservative viewpoints while democrats raised concerns about the spread of misinformation. Throughout the hearing, there were several references to section 230 of the committee occasions decency act, which shields social Media Companies from liability for content posted on their sites. This is three and a half hours. This hearing will come to order, senator cantwell is going to join us in person but she joins us remotely at the beginning of the hearing, we have convened this morning to continue work of this committee to ensure the internet remains a free and open space and they are sufficiently uptodate, it is a Great American success story, thanks in large part to the regulatory and legal structure our government put in place, we cannot take that success for granted, the openness and freedom of t
Hi im max kaiser this is a kaiser report you know things are not what they seem. To say. Well max youve often talked about the me mcconnel me and the you know the economy getting ever lighter and lighter there are more and more intangibles and this is shown in this chart 84 percent of the s. And p. 500. 00 assets are now intend to fools this is a chart of the corporate Balance Sheets are more knowledge driven s. And p. 500. 00 Company Assets in trillions of dollars and as you see the tangible part of companies they just increase slowly since 975 when 17 percent of a companys assets were intangible back in 1075 and now its 84 Percent Companies used to make stuff and they had the value terms of the factories and their employees and their trade deals etc but now we have a situation as the chart shows 84 percent of the value intangibles or the Knowledge Based on knowledge so take a look at tesla for example they must has knowledge about how to go on joe rogan and promote his means he has k
This morning i got a call from the cleaning and i am an ideal candidate here. Theres not much in there looks like a couple of drops im ready. Those are main stories here in our international you can read more of our. Report is straight ahead on. National and in the u. K. And ireland it is with us. So i said. Well max youve often talked about the me mcconnell me and the you know the economy getting ever lighter and lighter there are more and more intangibles and this is shown in this chart 84 percent of the s. And p. 500. 00 assets are now intention this is a chart of the corporate Balance Sheets are more knowledge driven s. And p. 500. 00 Company Assets in trillions of dollars and as you see the tangible part of companies they just increase slowly since 1075 when 17 percent of a companys assets were intangible back in 1075 and now its 84 Percent Companies used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situati
Used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situation that chart shows 84 percent of the value intangibles or the Knowledge Based on knowledge so take a look at tesla for example they must has knowledge about how to go on joe rogan and promote his means he has knowledge about creating means he has knowledge about branding he has knowledge about interesting engineering ideas but the actual book value of the company itself is nowhere near the hundreds of billions of dollars we see in the stock market thats true across the board for every Single Company really in the s. And p. 500. 00 they make their cash flow on the ability to game the system and to exert arbitrage spliffs on the data thats being rolled on the various cash tasks of different banks and like you have on lost so eloquently demonstrated on the joe rogan show so this is interesting use the Word Knowledge because you think about knowledge any thin