Technology

3 analyses

Technology

Tech Billionaires Buy California Politics to Dodge Wealth Tax

This article documents a textbook case of the capitalist class wielding its economic power to shape political outcomes directly in its favor. California's proposed billionaire tax—a modest 5% one-time levy on assets exceeding $1 billion to fund education, healthcare, and food assistance—has...

5 min read
Technology

UK Lets Apple and Google Self-Regulate Their App Store Monopolies

The UK Competition and Markets Authority's agreement with Apple and Google reveals the fundamental contradiction at the heart of capitalist state regulation: the state's structural dependence on capital accumulation limits its capacity to meaningfully constrain that same capital. Despite formally...

5 min read
Technology

OpenAI's Trillion-Dollar Gamble Socializes Risk, Privatizes Gains

Sam Altman's OpenAI represents a crystallization of late-stage capitalist accumulation dynamics, where massive resource extraction—energy consumption exceeding entire European nations, $1.4 trillion in datacenter investment—is justified through utopian promises of solving climate change and...