US Big Tech corporations are like the feudal landlords of Medieval Europe. These Silicon Valley monopolies own the digital land that the global economy is built on, and are charging higher and higher rents to use their privatized infrastructure. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=Qf1wQ9QeaKM
Sources and more information here: https://geopoliticaleconomy.com/2024/08/19/us-big-tech-monopolies-neo-feudalism/
Topics
0:00 Neo-feudalism
1:36 Amazon's monopoly
3:57 Google's monopoly
4:54 Amazon takes 50% of sellers' revenue
6:30 How Amazon sets prices: the Buy Box
9:01 Technofeudalism, by Yanis Varoufakis
9:42 Cloud infrastructure
10:44 New cold war on China
11:35 China: only alternative to US Big Tech monopolies
14:55 Chinese socialism
19:33 Monopoly capitalism & imperialism
21:51 Feudalism & capitalism
23:54 Utilities
26:37 Privatized digital infrastructure
29:29 Uber & Silicon Valley's monopolistic business model
34:28 Apple wages war on Chinese competitors
35:37 Apple's outrageous 30% Patreon fee
39:44 Outro
