Saturday, August 4, 2018

Secrets Of The Trillion Dollar Corporation

On Thursday, Apple Inc. became the first US corporation to reach a market capitalization of one trillion dollars. Its rival technology giants, however, are not far behind. Amazon, the online retail monopoly, is valued at $883 billion. The market capitalization of Alphabet, the parent company of Google and YouTube, stands at $854 billion, followed by Microsoft with a valuation of $821 billion.

The rise of the trillion-dollar corporation points to the most fundamental characteristic of contemporary capitalism: the degree to which the inflation of stock values has become an instrument for the upward redistribution of wealth, through share buybacks and capital gains on one pole of society and the forcible suppression of wages on the other.

When workers throughout the world dare to question why they are forced to toil in poverty, they are universally told: there is no money. But this is nothing but an absurd and transparent lie.

Apple’s profits are extracted through a coordinated and systematic process of exploitation on a global scale.

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This is what happens when you make money your chief god.

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