In the context of a global pandemic, an economic depression and the continuation of racist police murders in the US, the profoundly chaotic and violent nature of capitalism has revealed itself to an ever growing number of workers and young people across the globe.
10 years on from the publication of the Saville report – we republish this article written for The Socialist at the time.
In 2014, the UK tech industry was estimated to be worth £58 billion. By 2018, according to a new report from Tech Nation, in collaboration with Ernst and Young, the UK’s technology sector was worth nearly £184 billion – up from £170 billion in 2016. This is also the case if we take a look at it from a global perspective. By 2017, the Big 5 (Apple, Alphabet, Amazon, Facebook, Microsoft) were valued at £3 trillion.
US billionaires saw their collective wealth increase by $282 billion in the first twenty-three days of lockdown.