Tag Archives | Big Tech

U.S. 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.

Nvidia’s brief streak as the world’s highest valued company in the last several weeks has catapulted the chipset manufacturer into the headlines all over the world. A year ago, Nvidia was valued at just under $1 trillion. Nine months later, it blew past the $2 trillion mark, and just 30 days after that, for a moment in June 2024 Nvidia peaked at $3.3 trillion.

The paper’s author found that the five largest military contracts to major tech firms between 2018 and 2022 “had contract ceilings totaling at least $53 billion combined.”

As an extension of U.S. imperial power, U.S. tech corporations are eager to support Israeli atrocities.

The U.S. has gambled big in its latest, across-the-board sanctions on Chinese companies in the semiconductor industry, believing it can kneecap China and retain its global dominance.

The Washington Post–owned by billionaire oligarch Jeff Bezos, who has CIA and Pentagon contracts–has called for censoring Chinese news outlets on social media, while praising Silicon Valley for purging Russian publications.

Socialists, anti-imperialists, anti-war activists, Black radicals, and other independent alternative voices who challenge mainstream media and its political culture are being explicitly targeted by Liberals and Big Tech in a censorship campaign akin to the McCarthy era.

We cannot give ourselves the luxury of being technophobic, of negating the importance of technologies and their potential in the struggle. At the same time, we cannot believe in the idea that technology in itself will result in advances for the organised working class.

In the 19th Century, “hypothecations” provided investors with valuable information on sovereign fiscal resources.

Recently, U.S. media have been aghast at legislation affecting China’s tech sector.

recent article in the New York Times takes aim at ‘How Big Tech Won the Pandemic’, highlighting how in the last year alone, Amazon, Apple, Google, Microsoft, and Facebook posted a combined revenue of more than $1.2 trillion.

American “Big Tech” corporations are gaining massive profits through their control over business, labor, social media and entertainment in the Global South.

Elon Musk has been pronounced the wealthiest person on earth, slightly overtaking Jeff Bezos. Musk is known for his unhinged outbursts online and generally bizarre behaviour. In this respect, he epitomises the increasing craziness of capitalism.

In the month following the May 25th death of George Floyd, the largest technology companies collectively pledged more than a billion dollars in support of racial justice. Sounds like a lot of money, but for these companies it is pocket change.