Balanced Economy Project @BalancedEconomy
The Balanced Economy Project is a new anti-monopoly initiative by @michmeagher @nickshaxson thecounterbalance.substack.com balancedeconomy.net Joined March 2021-
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Does the UK have a corruption problem? This week’s New Economy Brief takes a deeper look at recent scandals and asks whether eroded public sector capacity and a lack of regulation is creating the conditions for dodgy procurement deals, bribery, and fraud. neweconomybrief.net/the-digest/cor…
It's time to loosen Big Pharma's monopoly stranglehold on our medicines linkedin.com/pulse/its-time… @globaljusticenow @nickdearden75 @BalancedEconomy @SOMO @lobbyctrl_tech
🚨Today 30+ unions and NGOs support the call from @EPSocialAffairs to ban Amazon from @Europarl_EN While Amazon has spent €18.8 million on lobbying the EU since 2013, it shows an utter disregard for democratic scrutiny Time to give them the boot🥾 👉 shorturl.at/mpDIY
With the UK's Digital Markets, Competition and Consumers Bill back in Parliament today, @openmarkets @Foxglovelegal @BalancedEconomy have produced recommendations on strengthening the legislation to prevent Big Tech firms from undermining enforcement. openmarketsinstitute.org/publications/o…
In under 13 mins, @JeffBezos took what a typical person earns in a lifetime🤯 Gross example of what our recent report showed: monopolists hoard wealth via dominant industries to suck wealth out of our societies Their money is #TakenNotEarned ➡️somo.nl/taken-not-earn…
In our latest report, we look at how a new era of #corporate & #monopoly power is at the heart of extreme #inequality. Billionaire #wealth & corporate power are intimately connected. Corporations are creating & sustaining a global #gilded age.
📣Sign up now for @CrashEconomics S4. Starting this Thursday with @doctorow on #Monopoly power & #BigTech. Find the sign-up link below 👇 Other guests are Brett Christophers, @AngelaWigger and @nickdearden75
📣Sign up now for @CrashEconomics S4. Starting this Thursday with @doctorow on #Monopoly power & #BigTech. Find the sign-up link below 👇 Other guests are Brett Christophers, @AngelaWigger and @nickdearden75
Modern day Monopoly Men- Brilliant new report on how billionaires use monopoly power to rip off ordinary people and how this can be stopped.
Modern day Monopoly Men- Brilliant new report on how billionaires use monopoly power to rip off ordinary people and how this can be stopped.
On Monday @Oxfam published a magnificant and widely publicised report, Inequality Inc. It is a rich and powerful anti-monopoly document, breaking new ground and building a grand new narrative. oxfam.org/en/research/in… @NabsIMA @Rebecca_Riddell @maxlawsontin ==>
There's no way to build a fairer economy without dethroning corporations. We have to build a movement capable of challenging corporate rule. It feels like a massive task given the power we’re up against. But it’s happened before. Join us. #WEF24 7/7 globaljustice.org.uk
"Taken, Not Earned: how monopolists drive the world's power and wealth divide" Essential reading from @GlobalJusticeUK @BalancedEconomy @SOMO @lobbycontrol globaljustice.org.uk/resource/taken… 📖 Monopoly Capitalism is holding our economy hostage, episodes with @nickdearden75 and…
"Taken, Not Earned: how monopolists drive the world's power and wealth divide" Essential reading from @GlobalJusticeUK @BalancedEconomy @SOMO @lobbycontrol globaljustice.org.uk/resource/taken… 📖 Monopoly Capitalism is holding our economy hostage, episodes with @nickdearden75 and…
Today's Twitter threads (a Twitter thread). Inside: The super-rich got that way through monopolies; and more! Archived at: pluralistic.net/2024/01/17/mon… #Pluralistic 1/
💰Monopolies are fueling the climate crisis! 💰 As billionaires meet in Davos, remember: their grip on the economy boosts carbon emissions, harming our planet. We need an economy that values people and the planet, not just growth. #Davos2024 #ClimateCrisis @nickshaxson
This is not a coincidence. A handful of individuals & their companies built a market and strategic dominance where they've become too big to fail, too big to trust, and ‘too big to care’. Full report somo.nl/taken-not-earn… @GlobalJusticeUK @BalancedEconomy @lobbycontrol
This is not a coincidence. A handful of individuals & their companies built a market and strategic dominance where they've become too big to fail, too big to trust, and ‘too big to care’. Full report somo.nl/taken-not-earn… @GlobalJusticeUK @BalancedEconomy @lobbycontrol
Morning monopolists! New report on how the wealthiest at #WEF24 exploit consumers & small businesses with 50% markups. tinyurl.com/45r9n9uk We're looking at you: @Apple @Microsoft @EliLillyandCo @Google @novonordisk @Walmart @exxonmobil @jpmorgan @Chase @JNJNews @LVMH @SABIC
World's wealthiest billionaires have a common secret: they're monopolists❗ Our new data shows how some of the world’s richest billionaires have hoarded wealth via industries so dominant, they can leverage their power to suck wealth out of our societies lnkd.in/djsVs7eD
A new report from @BalancedEconomy @GlobalJusticeUK @SOMO @lobbycontrol explains the relationship between finance and rising monopoly power. Not only is much of the finance sector “too big to fail”, it is driving the rest of the economy towards monopolisation too ➡️
Amidst a cost-of-living crisis, the world’s top 20 companies have mark-ups of 50%. The wealth these monopolies extract through mark-ups acts as a private tax paid by all of us to billionaires.
Prem Sikka @premnsikka
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254K Followers 3K Following UCL Prof, Founding Director of @IIPP_UCL. Author of: The Big Con; Entrepreneurial State; Value of Everything; Mission Economy. 4 kids keep me smiling. #COYGFinding it takes me much longer to get back into writing mode these days, something not helped by how increasingly hard it is to find any solitude anywhere. Everything & everywhere is so loud & invasive
Joe Stiglitz on BBC Question Time just put forward the fact that lack of competition allowed markets to increase mark ups and prices and contributed to inflation. Why isn’t competition and its lack an election issue?
What smug fog do people live in? How is this a gotcha? They’re covering their faces bc today, in 2024, facial rec systems exist that can easily ID them, IDs that are then used by coordinated actors (trustees funding moving billboards, etc) to doxx/violently intimidate them.
Hey Columbia protesters! If you’re so proud of what you’re doing, why are you covering your faces?
We're back in the world of 'say anything nasty about a company and it'll harm growth and competitiveness' are we? "Competitiveness" appears to be increasingly meaningless term that's used to give political cover to crony capitalism and shut down debate on.ft.com/4dkpZMm
I wrote this about our new research by the brilliant @alex_maitland1 for International Workers Day- rich shareholders making out like bandits at the expense of workers worldwide.
Dividend payments to rich shareholders have grown 14 times faster than workers’ wages. This explosion in inequality is not an accident — it's the result of an economy designed to reward corporate greed. tribunemag.co.uk/2024/05/inequa…
Four truths I learned working in online ads: 1. Most metrics are garbage, and fraud is vast 2. Big tech firms will always claim uncertainty about their legal obligations 3. Publishers will find ways to lose money in digital 4. Enforcers will find ways to not do their jobs
Anything that can't go on forever eventually stops. Monopolies are intrinsically destabilizing and inevitably implode...eventually. Guessing *which* of the loathesome monopolies that make us all miserable will be the first domino is a hard call, but Ticketmaster is definitely…
I'd like to hear a serious speech about Britain in the world: how to navigate US-China bipolar pulls; how to engage with a changing EU; the possibilities & limits of multialteralism in an anti-multilateral era, etc. UK politics is way too silent on these huge strategic challenges
It’s incredible how quickly liberals are willing to trash values they claim to uphold - freedom of speech, human rights, international law, etc - the minute these conflict with the objectives of Western hegemony and capital accumulation in the world economy.
‼️BREAKING‼️ European Parliament votes in favor of my report for an independent Ethics Body. Lobbying rules in the EU institutions will FINALLY be controlled by an independent body. Today, we are strengthening European democracy against corruption and illegitimate influence.
Meta revenues in the U.K. increased 750x between 2004 & 2022 (from £4 million to £3 billion). Google’s increased 22x. That destroyed ad model for British companies like ITV, hindering their ability to produce excellent TV and public service journalism. Time to talk about that.
Time flies! @Cmmonwealth launched five years ago today 🎂 Thanks to our supporters + the wonderful team who have built CW together, it has been quite a journey. Proud of what we've achieved, excited by what is to come. Here's a preview of upcoming work. common-wealth.org/perspectives/t…
While each of these deals might look relatively insignificant in isolation, taken together they paint a clear picture of an AI industry that is rapidly consolidating around a few entrenched tech giants. Credit to the CMA for understanding the threat, and taking it seriously.
We’re inviting comments on the partnerships, and other arrangements, between #Microsoft and #Mistral #AI, #Amazon and #Anthropic, and Microsoft and #Inflection AI. Read more: gov.uk/government/new…
Just re-upping this thread, in light of the report by @EnricoLetta and the forthcoming Draghi report on "European competitiveness". The fears are misdirected.
The FT is making a splash with what seems to be a remarkable stat: EU GDP used to be 91% of US in 2013, and is now 65%. But this is for the same reason EU GDP went from 70% America's in 2001 to 110% in 2008 - because exchange rates moved around Non-story then, non-story now
Video thread Meet the Six Horsemen of the Digital Apocalypse. Horseman 1: The quality of information in democracy is collapsing.
Amazon fails to overturn a German decision which subjects it to stricter rules on the power of its platform. German regulator is happy about this. It was a test case for its big new power (known as GWB 19a, snappy, I know)
📢❗ Der #Bundesgerichtshof (@BGH_Bund) bestätigt die Entscheidung des #Bundeskartellamtes und damit #Amazons überragende marktübergreifende Bedeutung für den #Wettbewerb. Das ist die erste und damit umso bedeutendere Entscheidung des #BGH zur Aufsicht über große…
What are the key areas of focus for an independent competition and #ConsumerProtection authority, now and in the future? Our first panel is underway, and is exploring that question exact question, as part of #CMAat10. Watch live: youtube.com/watch?v=KEjEX1…
On this day - April 19, 2001 - forty pharma companies and industry lobbyists abandoned their lawsuit to prevent the South African government from obtaining cheaper versions of branded ARV drugs in order to protect its people from the HIV/AIDS epidemic. 🧵(1/5)
Greenwashing misleads consumers about environmental practices. Monopolies use their dominance to overshadow sustainable competitors through misleading labels, vague claims, irrelevant data, or highlighting one green attribute to distract from greater environmental harm.