Back in February I reported on the first quarterly earnings that Google submitted as its new conglomerate Alphabet. In that piece I broke down how Leftists should be very concerned about this new conglomerate’s ability to avoid traditional means of breaking up monopolies and its rise as the leader of technological innovation, second only to the US government itself.
There have been two important developments since then that are worth addressing. First, that the European Union has brought a second antitrust charge against Google. Second, that the Morning Star of the internet Yahoo has been bought by internet service provider Verizon.
Monopoly is a tricky subject when it comes to Marxists, and exposes a major divide between its political leaders and its economists.
