Billionaires Owning Everything Just Got Worse…

Jeff Bezos and other billionaires control the critical digital infrastructure we rely on. They now hold the off switch to modern daily life, and increasingly, the off switch to actual power companies themselves. UBS Global Wealth Report: https://www.ubs.com/global/en/wealthmanagement/insights/global-wealth-report.html Complete source documentation is available on Patreon To support the channel: https://patreon.com/VanessaWingardh Chapters: 00:00 Intro 00:28 Amazon Web Services (AWS) Outage 01:02 Our Daily Lives Are Digital 01:18 AWS Outage Revealed Google and Microsoft Dependency 01:49 Standard Oil Monopoly 02:08 Amazon Profits from Companies Buying More Services for Redundancy 02:32 Perplexity CEO “We’re working on resolving it” 02:49 Modern Life is Dependent on Technology Owned by Amazon, Microsoft, Google 03:13 CrowdStrike Outage Took Microsoft Systems Offline 03:58 Companies Pay Rent to Amazon, Google, Microsoft 04:25 The Technology Tax We Pay to Live in a Digital World 05:45 Data: Our Private Moments are Worth Millions 06:49 We’re Funding Big Tech’s Data Centers 07:40 Natural Gas Powering Data Centers 08:00 Blackstone Purchasing Energy Companies 08:55 BlackRock, Vanguard, StateStreet own 22% of Every S&P500 Company 09:16 Nestle CEO Peter Brabeck: Water Isn’t a Human Right 10:10 World Economic Forum: You’ll Own Nothing and Be Happy 10:50 More Billionaires Made Through Inheritance than Entrepreneurship 11:15 US Loneliness Epidemic 11:24 New Research: Money Does Increase Happiness 11:38 Global Wealth Inequality 11:52 Sweden Ranked Sixth in Global Inequality 12:18 Every Gilded Age has Ended