By: Simon Commander, IE School of Business in London.
Big Tech’s ability to influence electoral outcomes and then work in concert with political power is perilous for political and economic competition.
As he left office, outgoing US President Joe Biden claimed that the USA was on the road to oligarchy.
Shortly thereafter, Trump’s inauguration saw some of the wealthiest businesspeople in the world lined up brazenly ahead of his cabinet and other political appointees.
This parade of wealth and the mutual genuflection between political and business power appear to signal a new age of proximity, if not collusion, between the two.
While such ties are common in many economies…