Techno-Capitalism

Summary

The respected Italian economist and journalist offers a bold and provocative argument that the speed of technological transformation is threatening our future



At the dawn of the digital revolution, the internet was going to be the great equalizer, a global democratic force. Instead, Wall Street ended up funding a new breed of serial capitalists, the Techtitans, who embraced rapid, transformational change while stripping their workers of rights and enriching themselves beyond anybody's wildest imagination; and the Space Barons, who mine new frontiers for precious resources.



Tech pioneers like Google, Facebook, Apple, Uber, and Microsoft never had any intention of spreading democracy. Those who control and own the technology are the absolute masters. As artificial intelligence enters the labor market, companies like Uber are able to cut labor costs to the barest of minimums, by squeezing workers' privileges and rights.



Technological transformation is occurring at a speed that is existentially unbearable for most of us. We must fight for our common good to address today's real challenges of global warming and militarism and the soulessness of capitalist endeavor. Napoleoni shows us how.