Whatever you may think of the multi-billionaire founders of Amazon and Alphabet-Google,(1) there would seem to be one undeniable fact about their companies: they have massively improved productivity. Amazon has an e-commerce system that delivers very efficiently; Google has revolutionised Internet search.
Author Archive | Saul Foster
The question of debt is often absent from media coverage of the progress, or not, of the world economy.
Trump’s anti-Iran move on Tuesday was deeply worrying for allies of the US. It is a blow for those countries, especially in Europe, that were hoping to build on the big expansion of trade with and investment in Iran after the July 2015 nuclear deal was signed.
Two weeks ago in Salisbury, less than 10 kilometres from the UK’s Porton Down chemical weapons establishment, a Russian and his daughter appear to have been poisoned. Sergei Skripal was a former Russian military intelligence officer who acted as a spy for the UK’s MI6.
he overall picture shows a small number of countries, led by the U.S., towering over the rest. Only 33 countries out of 180 have an index that is more than 1% of the U.S. index number! In the chart, the columns for these would look like the x-axis, so I have shown just the top […]
Warren Buffett is one of the wealthiest people in the world. He is also Chairman of the Board, President and Chief Executive Officer of Berkshire Hathaway, a huge U.S. investment conglomerate. Looking at Berkshire’s investment policy reveals some important features of the economics of imperialism today and the role of money capitalists.
So, farewell then, Robert Mugabe, ruler of Zimbabwe for 37 years. As the western media celebrate your demise, and Zimbabwe’s people wonder what will happen next, it is worth making a note of some forgotten events that helped pave the way for your country’s crisis. As one might expect, this involves the Brits.
The images below are from a lecture I gave to at SOAS, London University, on 18 October. This was part of a series organised by the SOAS Economics Department, and my lecture covered the forms taken by corporate power today, focusing on Apple, Google/Alphabet, Facebook, Amazon and Alibaba.
The Hoover Company’s vacuum cleaners once so dominated its market that people often still describe using any make of vacuum cleaner as ‘hoovering up’. Similarly, people ‘Google’ information from the Internet, even if they do not use Google.
The US market evidently has a powerful influence on social trends elsewhere in the world. It has been shown not only by the popularity among youth of wearing low-hanging trousers and baseball caps backwards—although, thankfully, these trends have, like, faded—but also by how a system designed for an elite US university, Harvard, could end up […]
Amazon is an unusual company. With a market capitalization hitting $500bn at the end of July and no profit to show, it is not a company trying to be a part of the market, it is trying to become the market.