A Quote by Michael Hudson
If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part of today's political revolution.
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Corporations do not pay taxes, they collect them, passing the burden to consumers as a cost of production. And corporate taxation is a feast of rent-seeking - a cornucopia of credits, exemptions and other subsidies conferred by the political class on favored, and grateful, corporations.
I'm not a big believer in revolutions. What people call revolutions in technology were more of a shift in perception - from big machines to PC's (the technology just evolved, fairly slowly at that), and from PC's to the internet. The next "revolution" is going to be the same thing - not about the technology itself being revolutionary, but a shift in how you look at it and how you use it.
The current information revolution is a cultural revolution, a social revolution, a thoroughgoing technological revolution that involves not just information, but labor, leisure, entertainment, communication, education, culture and thus is part of a major cultural and social shift.
Big oil, big steel, big agriculture avoid the open marketplace. Big corporations fix prices among themselves and thus drive out of business the small entrepreneur. Also, in their conglomerate form, the huge corporations have begun to challenge the very legitimacy of the state.
The big-business mergers and the big-labour mergers have the appearance of dinosaurs mating.
Advances in computer technology and the Internet have changed the way America works, learns, and communicates. The Internet has become an integral part of America's economic, political, and social life
The worst illiterate is the political illiterate. He hears nothing, sees nothing, takes no part in political life. He doesn't seem to know that the cost of living, the price of beans, of flour, of rent, of medicines all depend on political decisions. He even prides himself on his political ignorance, sticks out his chest and says he hates politics. He doesn't know, the imbecile, that from his political non-participation comes the prostitute, the abandoned child, the robber and, worst of all, corrupt officials, the lackeys of exploitative multinational corporations.
There can be no effective control of corporations while their political activity remains. To put an end to it will be neither a short nor an easy task, but it can be done ... Corporate expenditures for political purposes, and especially such expenditures by public-service corporations, have supplied one of the principal sources of corruption in our political affairs.
With the revolution in information technology, with the revolution in transport technologies, I think just geography has lost its all significance.
What has happened is that genetics has become a branch of information technology. It is pure information. It's digital information. It's precisely the kind of information that can be translated digit for digit, byte for byte, into any other kind of information and then translated back again. This is a major revolution. I suppose it's probably "the" major revolution in the whole history of our understanding of ourselves. It's something would have boggled the mind of Darwin, and Darwin would have loved it, I'm absolutely sure.
We shall strike. We shall organize boycotts. We shall demonstrate and have political campaigns. We shall pursue the revolution we have proposed. We are sons and daughters of the farm workers' revolution, a revolution of the poor seeking bread and justice.
Contemporary technology could be used to eliminate ownership and management of corporations. It could be used to provide - lets say Apple computers. In principle information technology could be used to provide direct information to the work force on the ground so that they could democratically decide what the company would do, eliminating the role of management. It could be used for that. People aren't developing technology for that purpose.
What we have are - some of the big political donors behind the super PACs are big on promoting more of these trade agreements which cost us jobs - another reason that we need to end political action committees and have only individual donations with their donations being disclosed completely with names and addresses and other information.
Technology has become such a big part of our humanity. We have the Internet on 24 hours a day, even when we're sleeping.
To break the power of the big corporations, we would propose that the biggest 500 corporations that dominate the rigged economy and political system should be taken into public ownership, and run democratically.
When you don't forgive you permit your enemies to live rent free in your head -evict them today.
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