The COVID-19 pandemic triggered the deepest global recession since the Great Depression, and pushed millions of households and businesses into economic hardship. But not all parts of the global economy have been suffering. Throughout the pandemic the ‘Big 5’ tech companies — Amazon, Apple, Alphabet, Facebook, and Microsoft — have seen their revenues and stock prices soar. … Continue reading Can governments tame the overwhelming power of Big Techs?
Working-class people often get blamed for their troubles. They should have planned better, been less demanding, or just been smarter. Those are just some of the judgments that surfaced again in the weeks after General Motors’ announcement late in November that it would close five plants in the U.S. and Canada, leaving thousands of … Continue reading Stop blaming ‘helpless’ workers for problems created by capitalists