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US 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. Ben Norton explains. Sources and more information here: Topics 0:00 Neo-feudalism 1:36 Amazon's monopoly 3:57 Google's monopoly 4:54 Amazon takes 50% of sellers' revenue 6:30 How Amazon sets prices: the Buy Box 9:01 Technofeudalism, by Yanis Varoufakis 9:42 Cloud infrastructure 10:44 New cold war on China 11:35 China: only alternative to US Big Tech monopolies 14:55 Chinese socialism 19:33 Monopoly capitalism & imperialism 21:51 Feudalism & capitalism 23:54 Utilities 26:37 Privatized digital infrastructure 29:29 Uber & Silicon Valley's monopolistic business model 34:28 Apple wages war on Chinese competitors 35:37 Apple's outrageous 30% Patreon fee 39:44 Outro || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter:
