Technological dominance by the largest oligopolies in human history.

A little more about the process I have been calling "Technological Domination," intertwined with and financed by financial hegemony and articulated within power relations. Geoeconomics and geopolitics in contemporary capitalism.

Updating some indicators for a class next week, I produced the table below which allows for various interpretations, among which I highlight a few.

Before proceeding, however, I must point out that even when used, comparing data and digitization to oil, or suggesting they are the new oil, as is often done, does not seem appropriate. No. This comparison does not help and even hinders understanding a series of issues related to the production of value from data that does not exist naturally (in its raw form). Its capture depends on the direction given to algorithmic programming, and from there its use gains value and produces accumulations. Here, the use of the value of oil corporations in the table is intended only to show the size of the oligopolies of Large Digital Corporations (LDCs) when compared to the accumulation produced by the major players in this energy sector. Comparing the volume of wealth of one sector to the other can help to understand, in a holistic way, the advancement of capitalism and the level of accumulation of its corporations, even if in distinct processes.

So, let's look at the table and then some conclusions drawn from this data and indicators:

1) Seven of the ten (7/10) largest publicly traded corporations by market capitalization in the world are in the technology sector, two are in the financial sector, and one is an oil company.

2) The combined value of the 10 largest technology corporations (Big Techs) in the world reaches US$17,7 trillion, while the 10 largest global oil companies combined reach US$3,5 trillion.

3) A ratio that today reaches 5 times more. A year ago that ratio was 4 times. 20 months ago it was 3 times. In other words, the difference is accelerating.

4) The six largest digital corporations in the world have a market value exceeding US$1 trillion each. Apple alone has almost double the market value of the world's largest oil company, Saudi Aramco. Microsoft is also approaching that figure on its own.

It's worth remembering that all of this is happening after the shock generated in the Western capital markets, due to the disclosure of the efficiency of the Chinese company Deep Seek in its work on Artificial Intelligence programming within the technology sector.

However, this reality occurs within the context in which American Big Tech companies (all on the list) embraced the Trump administration, starting with the combination of Big Tech owner and government authority Elon Moska.

Geoeconomics and geopolitics intertwined. Far beyond economic and political data and indicators, it is necessary to understand better and more deeply how the "digital" or "omnichannel" environment, between the public and private spheres, which is emerging with the "digitalization of almost everything," is altering our way of thinking, acting, and also shifting the logic of production towards an increasingly platform-based system.

Digital technology is extremely attractive and is not a problem per se, but the question is what is done with it, how it is done, and for whom it is done. Digital data has come to serve as a factor of production, and technology as a means and mode of production.

Digital technology impacts all sectors in a cross-cutting manner, including finance. It is trans-sectoral, multidimensional, and trans-scalar in spatial terms, a fact confirmed by the presence of Big Tech companies (root platforms) across all businesses and in all parts of the world, which explains this economic gigantism, with trillion-dollar oligopolies never before seen in human history.

As we know, all of this goes far beyond the productive restructuring and communication of social networks that invade our time and capture our data, because they encroach on our jobs, our daily lives, manipulate politics, and subjugate the sovereignty of our countries.