
New Robber Barons Prevent Using Tech for the Common Good / Loretta Napoleoni
This Is Hell!
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Rapid Technological Transformation and Societal Impact
The chapter delves into the rapid pace of technological advancement, causing societal disorientation and anxiety due to the lack of adaptation to new financial mechanisms. The guest, an economist and author of a book on Techno-Capitalism, sheds light on the fight for the common good amidst the tech titans' dominance. It discusses the repercussions of the 2008 financial crisis, the tech industry's unintended benefits during the COVID-19 pandemic, and the potential of technology to combat the climate crisis if redirected towards positive uses.
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