Two Crises, Tech’s Costs, Looking Forward

Too much tech power has been an impending crisis for years; that doesn’t change just how costly the crisis was. Then again, centralization might yet win.

Holiday Break: Weeks of December 21st and December 28th

Stratechery is on holiday the weeks of December 21st and December 28th; the next Daily Update will be on January 4. The full Daily Update posting schedule is here. All new subscribers since November 23, 2020, will have two weeks added to their subscriptions to guarantee one full month of Daily Updates.