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Created
Mon, 28/07/2025 - 17:00
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July 28th, 2025
Created
Mon, 28/07/2025 - 16:42
In my commissioned research activities, which are separate from the basic academic research that occupies most of my time, I come across interesting situations which bear on the way monetary systems operate and the type of constraints faced by different levels of government. In Australia, we have three levels of government: Federal (currency issuer), State…
Created
Mon, 28/07/2025 - 04:20
Week-end Wrap – Political Economy – July 27, 2025 by Tony Wikrent   Trump not violating any law ‘He who saves his Country does not violate any Law’ Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’ Joe DePaolo, May 4th, 2025 [mediaite.com] A […]
Created
Mon, 28/07/2025 - 00:30
The move from a structuralist account in which capital is understood to structure social relations in relatively homologous ways to a view of hegemony in which power relations are subject to repetition, convergence, and rearticulation brought the question of temporality into the thinking of structure, and marked a shift from a form of Althusserian theory […]
Created
Sun, 27/07/2025 - 23:24

Large publicly traded tech companies seem to no longer consider their customers – that is, people and organizations who actually buy their products or pay for access to their services – their core focus. The focus has instead turned towards the stock price.

Their real clients, the entities they really care about, are the stockholders. Reasons are many, perhaps one of them being that people making decisions tend to own stock options or have bonuses tied to stock performance of the companies they run.

This means that for a large, established tech company the product or service it offers does not matter all that much anymore. It needs to be just barely good enough to keep people using it. The easiest way to do this is some form of a monopoly.

Monopoly is the business model of Silicon Valley, and they are not even shy about that.