Article

Digital Cartels and Inequalities: The Role Companies Have in Increasing Income Inequality

ABSTRACT

Technological developments and growth of economies are generally positive developments. Businesses, which are the most important actors of the economy, are also the engine of economic growth. As an entrepreneur, every capital owner wants to increase his earnings. Employees also hope to get their reward. Growth in economies and expectations of different actors of the economy often conflict with each other. These conflicts feed and grow inequalities. Public administrations that determine, implement and control public policies try to prevent inequalities with their regulatory and supervisory roles. At least it tries to reduce existing inequalities.The income inequality, which seems to be quite new today, is in fact a social problem since the early capitalist period. It can be said that income inequalities continue to grow in terms of incorporation. In the digitalized economies, it can be seen as an inevitable result that many employees who remain dysfunctional. In this context, it can be stated that digital companies that are carteled or monopolized have the feature that increases income inequality.This study discusses how income inequality has grown throughout the history of incorporation, and digital cartelization trends have further increased these inequalities. As a result of digitalization and the use of new technologies, it is easily understood that higher turnovers are achieved with less employment. In the context of these evaluations, suggestions were made that companies' social responsibility efforts are insufficient to prevent increasing income inequality, and that revision of the efforts of non-governmental organizations will be significant in reducing inequalities in gaining new qualities for the unemployed.

Keywords

Digital economy platform economy digital company income inequality mercantilism.