Although Silicon Valley has changed the world through its proliferation of tech companies, it has also created a bunch of problems, says Antonio Martínez from Wired. He says that Silicon Valley has created a modern caste system.

But it is the vision of the future that San Francisco offers: highly stratified, with little social mobility. It’s feudalism with better marketing. Today’s “sharing” economy resembles the “sharecropping” of yesteryear, with the serfs responding to a smartphone prompt rather than an overseer’s command…Inequality rarely decreases, and when it does it’s often as the result of wars, revolutions, pandemics, or state collapse.

Netflix isn’t holding back on its original content and could spend US$13 billion this year on its shows and movies. To put that in perspective, Apple is moving aggressively with its $1 billion investment in original content and still well above more traditional content creators. David Z. Morris writing at Fortune said,

Netflix will spend $12-13 billion on original programming this year. That’s much more than the $8 billion it planned to spend as of October 2017. It would also be vastly more than legacy studios are spending: HBO spent $2.5 billion on content in 2017, and even CBS spent just $4 billion.

The streaming media company has plans for 82 feature films this year, and could be spending $22.5 billion a year on content by 2022. That moves the bar for Amazon, HBO, Hulu, and now Apple.