Amazon is looking for a new home and has put the word out for the almighty “market” to provide. The tech giant has made entire cities complicit in the race to the bottom with promises of tax cuts and other financial incentives – bribes. It is not only looking for a host city, but a partner which can further its monopolistic plans. Myopic cash strapped cities are happy to oblige mistaking this extortion for opportunity.
The Big Four tech giants control most of the world’s information flow, drug and food supply. Google and Facebook tried to manipulate the recent presidential election by prioritising, and sometimes burying content altogether. Throughout the history of human civilisation, including periods of ecclesiastical rule, no entity has had as much power to influence and control the social and political ideals of billions of people with zero oversight or regulation as these tech giants. Democracy’s only hope is for Google, Amazon, Facebook and Twitter to be broken up and regulated.
Dear Catalans, You are not allowed to secede from Spain. The EU ‘owns’ Spain, and Spain ‘owns’ you. Catalonia is a wholly owned subsidiary of Spain. Spain is a subsidiary of the EU. And the EU is non-negotiable. Vast amounts of capital went into this project; if it fails it will bring down the global banking system.
When governments fund decades-long loss-making ventures that expand the economy’s production capabilities, we call it industrial policy. When a billionaire does it, we say it is markets at work. Dr Cameron Murray explores what effective industrial policy should look like.