Processing chips have become central to our lives, running smartphones and TVs alike. But disruptions in the chip industry are driving up inflation — and exposing the industry for the ugly capitalist oligopoly that it is.
Rob Larson is a professor of economics at Tacoma Community College and author of Bit Tyrants: The Political Economy of Silicon Valley, out now from Haymarket Books.
The federal government’s landmark lawsuit against Google has been hailed as a bold step to rein in Big Tech. But we’ll need much more than US antitrust law to match the economic power of a global juggernaut like Google.
Bill Gates recently resigned from the board of Microsoft to focus full time on philanthropy. It’s a perfect time to remember: billionaire-funded philanthropy is a public-relations scam.
Congress is demanding that Silicon Valley companies release their internal emails. If history is any guide, we know what to expect: revelations of anti-worker scheming, corporate power plays, and all sorts of other malevolent machinations.
Boeing’s corner-cutting likely killed hundreds of people in the recent Ethiopian Airlines and Lion Air crashes. Capitalism is to blame.
Milton Friedman was wrong. Capitalism doesn’t foster freedom — it produces autocratic workplaces and tyrannical billionaires.
The Left should push rising popular outrage at drug companies’ extortionate prices to its tipping point.