Technology companies have become so big that they almost are monopolies. This isn't sufficient competition, and the barriers to entry for anyone else wanting to go and do the same thing they're doing. We should treat them like utilities in the ast, with those rules perhaps up dated for the 20 first century. And when you establish yourself as essential to society, even if it's through your own hard labour and your own efforts o you start to develop society obligations, and we should ask them of you. The social networks maintain this lack of operability despite making hundreds of billions every year.
We are entering the Exponential Age. Between faster computers, better software and bigger data, ours is the first era in human history in which technology is constantly accelerating.
Azeem Azhar - writer, technologist, and creator of the acclaimed Exponential View newsletter - understands this shift better than anyone. Technology, he argues, is developing at an increasing, exponential rate. But human society - from our businesses to our political institutions - can only ever adapt at a slower, incremental pace. The result is an 'exponential gap', between the power of new technology and our ability to keep up. In this week's episode he speaks to Ros Urwin about this new era and what we we should do about it.
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