Privacy and Technological Progress Are Fundamentally Incompatible

Albert Wenger is Managing Partner at Union Square Ventures, which has invested in some of today's most exciting technology companies. In his new book, “The World After Capital", he argues that capitalism cannot allocate all resources efficiently in the digital age – where the new shortage isn't capital, but rather, human attention. While economically incentivized activities will not go away, he says, we must make room for the things we cannot put a price on. He proposes increasing three freedoms: economic, informational, and psychological, to ensure the continuation of human knowledge production. His book is available free of charge at https://worldaftercapital.org/.