Source: CounterPunch
by David S D’Amato
“Today’s technology sector does not represent the principles of anything like actual free-market competition; intensively subsidized by the public and deeply tied to the federal government, the major tech companies are a state-capital oligopoly that have benefited enormously from a variety of special subsidies and perks unavailable to ordinary companies and citizens. When we account for direct federal grants and subsidies, infrastructure support, and hardware manufacturing, public subsidies and allocations for AI have reached well into the hundreds of billions of dollars.” (05/29/26)
https://www.counterpunch.org/2026/05/29/the-new-religion-of-ai-accelerationism/