This is a terrific article. It’s well researched and cuts through the chaff Big Tech monopolies spew to obscure their propaganda. I especially enjoyed this part:

“Although these large technology companies may not be full state-owned, China’s socialist government ensures that they act in the interest of the country and the people, not simply wealthy shareholders.

The US system is exactly the opposite. Large corporations control the government, and create policy on behalf of wealthy shareholders.”

[–] shreddy_scientist@lemmy.ml 10 points 3 months ago

Yep, the part you highlighted there is super spot on. Crazy to see the various fashions tech corps will implement to become embedded in governments. But seems as if China's approach is more reasonable than the US approach.

[–] squid_slime@lemm.ee 3 points 3 months ago (1 children)

any enjoyers of this artical may like The Internet Con by: Cory Doctorow.

[–] WanderingVentra@lemm.ee 3 points 3 months ago

That's the "enshittification" guy, right?

[–] UlyssesT@hexbear.net 2 points 3 months ago* (last edited 3 months ago)

In related techbro grifting news, after NASA got its budget slashed over and over again and more and more of its operations shifted over to my-hero grifts, Rocket Jesus himself has announced that "Mars Colony 20 years from now," as promised for over 20 years, was always bullshit.

https://www.livescience.com/space/space-exploration/i-am-definitely-going-to-be-dead-before-mars-spacex-extract

[–] LarkinDePark@lemmygrad.ml 2 points 3 months ago

Isn't this Varoufakis' latest book idea?

Not crazy about this muddled thinking. The global economy is not built on Silicon Valley monopolies, come on.