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How US Big Tech Monopolies Colonized the World: Welcome to Neo-Feudalism
Key Excerpts from Article on Website of ScheerPost
Posted: September 4th, 2024
https://scheerpost.com/2024/08/20/how-us-big-tech-monopolies...
In almost every country on Earth, the digital infrastructure upon which the modern economy was built is owned and controlled by a small handful of monopolies, based largely in Silicon Valley. This system is looking more and more like neo-feudalism. Just as the feudal lords of medieval Europe owned all of the land ... the US Big Tech monopolies of the 21st century act as corporate feudal lords, controlling all of the digital land upon which the digital economy is based. A monopolist in the 20th century would have loved to control a country’s supply of, say, refrigerators. But the Big Tech monopolists of the 21st century go a step further and control all of the digital infrastructure needed to buy those fridges — from the internet itself to the software, cloud hosting, apps, payment systems, and even the delivery service. These corporate neo-feudal lords don’t just dominate a single market or a few related ones; they control the marketplace. They can create and destroy entire markets. Their monopolistic control extends well beyond just one country, to almost the entire world. If a competitor does manage to create a product, US Big Tech monopolies can make it disappear. Imagine you are an entrepreneur. You develop a product, make a website, and offer to sell it online. But then you search for it on Google, and it does not show up. Instead, Google promotes another, similar product in the search results. This is not a hypothetical; this already happens.
Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech from reliable major media sources.
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