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27.11.25 - 18:36
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How Amazon turned our capitalist era of free markets into the age of technofeudalism | Yanis Varoufakis (The Guardian)
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Amazon Web Services owns the basic infrastructure for other businesses to operate online, turning even governments into its serfs. But now some people are fighting backFor the past six years, every Black Friday – that made-up carnival of consumption – Amazon workers and their allies have mobilised across the world in coordinated strikes and protests. At first glance, these disputes look like the standard struggle between a giant capitalist employer and the people who keep it running. But Amazon is no ordinary corporation. It is the clearest expression of what I call technofeudalism: a new economic order in which platforms behave like lords owning the fiefs that have replaced markets.To appreciate Amazon's extraordinary power, we must recall the system it is helping to bury. Capitalism relied on markets and profit. Firms invested in productive capital, hired workers, produced commodities and lived or died by profit and loss. But the emerging order is one in which the most powerful capitalist firms hav...
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03.12.24 - 10:32
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Carnival, Banca Generali join STOXX 600; Volvo Car, Hugo Boss exit (Reuters EN)
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Carnival, Banca Generali join STOXX 600; Volvo Car, Hugo Boss exit LONDON, Dec 3 (Reuters) - British travel company Carnival and Italian banking group Banca Generali are among nine companies set to be added to the STOXX 600 as part of the index's quarterly review, while Volvo Car and Hugo Boss are among nine set to leave, STOXX said on Monday. Sparebank, Bridgepoint, Playtech, TP ICAP, Redcare Pharmacy, Vopak and VZ Holding are the seven other additions, index provider STOXX said in an email....
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