Slowly but surely, the digital age has changed many aspects of our lives, from how we interact with people to the way we source information. It is only natural, then, that our means of exchange also undergo rapid change.
“Wherever there is great property, there is great inequality,” echoed the words of Adam Smith, the father of modern economics. He could not have been more right at any other time than the present.
In spite of criticism over excessive bureaucracy, the EU has undeniably taken the lead over the US in new regulation of big-tech; these ideas will significantly impact the future activities of Silicon Valley’s largest firms. Europe is an increasingly important source of technology revenue; Amazon, Apple, Facebook, and Microsoft each reported a quarter of annual revenue from the continent in 2018. As the world’s largest single economic bloc, the standards of the EU are often copied as benchmarks for the developing world; hence European policy could have a knock-on effect on attitudes to big-tech globally. European economic power is matched with tough restrictions on lobbying and unification of legal standards across multiple jurisdictions, helping the region take an objective and long-term perspective towards significant technology regulation. Continue reading “The New European Tech Doctrine Part II: How Aggressive European Policy is reshaping the future of big-tech”
This is the third part of our analysis of Amazon’s rise to 1 trillion. Today, we look at Amazon’s economic power and impact on jobs and wages.
When we talk about Amazon we do not just talk about the world’s largest online retailer or the rising star in Washington’s lobbying circles. Arguably, Amazon’s impact on job creation, investment and industry competition levels is even more important. The company’s size is large enough to change the personal lives of millions of people and the economic life of entire regions, if not entire countries. Continue reading “Race to One Trillion: It’s an Amazonian Economy”