In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us
It has been obvious for decades that governments in Western democracies, at least, are thoroughly pushed around by big multinational corporations and will never enact policies that go directly against the interests of these corporations. Governments get to make some policy decisions in their own regions, but the greater power lies with the billionaires behind these corporations. It’s not a new situation but it is having a more obviously harmful effect now we can all see living costs becoming unmanageable while governments pander to the wealthiest and the planet falling apart around us while governments continue to pander to oil companies.
It has been obvious for decades that governments in Western democracies, at least, are thoroughly pushed around by big multinational corporations and will never enact policies that go directly against the interests of these corporations. Governments get to make some policy decisions in their own regions, but the greater power lies with the billionaires behind these corporations. It’s not a new situation but it is having a more obviously harmful effect now we can all see living costs becoming unmanageable while governments pander to the wealthiest and the planet falling apart around us while governments continue to pander to oil companies.