Matt Stoller today at Twitter: “The core theme in the #bigtechhearings today was the contrast between democracy and monopoly power.”
Why the Super-Rich Keep Getting Richer, by Grace Blakeley
Billionaires like Jeff Bezos aren’t obscenely wealthy because they work harder but because their corporate empires drain society’s resources – and we’d all be better off without them.
… In an interview the other day, I was asked why we should care about Jeff Bezos’ wealth if it makes everyone else better off. But the extreme inequalities generated by modern capitalism are making obvious something that Marxists have known for decades: the super-rich generate their wealth at the expense of workers, the planet and society as a whole.
In a rational and fair society, the vast resources of a tiny elite would be put to use solving our social problems.