Geopolitical Economy Report on Nostr: How US Big Tech monopolies colonized the world: Welcome to neo-feudalism ========== ...
How US Big Tech monopolies colonized the world: Welcome to neo-feudalism
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US Big Tech corporations are likened to feudal landlords; they control digital infrastructure globally, charging high rents; Amazon takes over 50% of seller revenue, up from 35% in 2016; Amazon's 'buy box' influences 82-90% of sales; monopolies create and destroy markets, promoting their own products; Uber dominates 74% of the US market; Amazon Web Services holds 31% of global cloud market; Apple charges 30% fees on app purchases; the digital infrastructure is privatized, resembling public utilities; China maintains digital sovereignty, unlike most countries; the article argues for nationalization of digital infrastructure.
#BigTech #Monopoly #Neofeudalism #Amazon #Apple #China #DigitalInfrastructure #Economy #Capitalism #Globalization
https://geopoliticaleconomy.com/2024/08/19/us-big-tech-monopolies-neo-feudalism/
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US Big Tech corporations are likened to feudal landlords; they control digital infrastructure globally, charging high rents; Amazon takes over 50% of seller revenue, up from 35% in 2016; Amazon's 'buy box' influences 82-90% of sales; monopolies create and destroy markets, promoting their own products; Uber dominates 74% of the US market; Amazon Web Services holds 31% of global cloud market; Apple charges 30% fees on app purchases; the digital infrastructure is privatized, resembling public utilities; China maintains digital sovereignty, unlike most countries; the article argues for nationalization of digital infrastructure.
#BigTech #Monopoly #Neofeudalism #Amazon #Apple #China #DigitalInfrastructure #Economy #Capitalism #Globalization
https://geopoliticaleconomy.com/2024/08/19/us-big-tech-monopolies-neo-feudalism/