The rise of 'Technocapitalism' and its impact on humanity, with economist Loretta Napoleoni
May 18, 2024
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Italian economist Loretta Napoleoni discusses 'Technocapitalism' and its impact on society. She explains the concept of the 'present future' in a world of rapid technological change. Issues around control of technology by 'technocapitalists' and the failure to direct innovation for common good are explored. Challenges in regulating tech giants, societal threats, and potential space utilization for Earth's benefit are also discussed.
Living in the 'present future' era creates anxiety from rapid technological change.
Technocapitalists' control of technology hampers its direction for societal well-being.
Deep dives
The Concept of Present Future and the Rapid Pace of Technological Change
Living in the present while already being in the future creates anxiety due to the rapid pace of technological innovation affecting every aspect of life. Unlike past technological revolutions, current innovations not only reinvent industries but also redefine everyday existence, requiring constant adaptation. The challenge lies in societal readiness to keep up with such quick transformations, making it crucial to understand and navigate the concept of the 'present future'.
The Influence of Techno-Capitalists on Technological Control and Societal Direction
Techno-capitalists controlling access to technological knowledge hinder the direction of innovation towards the common good. This control points to a systemic failure where technological advancements outstrip government regulations, raising concerns about the unequal distribution of technological benefits. The need for regulations that prioritize societal well-being over profit-driven motives becomes imperative to address the societal impact of unchecked technological control.
Space Exploration and Societal Governance in the Era of Technological Advancements
Exploring the potential of lower Earth orbit for resource augmentation and scientific research highlights the role of the state in guiding the responsible colonization of space. The positive vision of utilizing space for benefits such as medical advancements and agricultural innovation necessitates state intervention to prevent monopolization by tech titans. Collaborative efforts between states and the global community are essential to ensure equitable access and governance of space resources for the common good.
This week's episode features an interview with Loretta Napoleoni, conducted by Ross Reynolds, the longtime public radio host and occasional GeekWire Podcast guest host, in an event presented by Town Hall Seattle on April 18, 2024.
In this interview, she explains the concept of the "present future." This refers to the disorienting era in which we're living, characterized by rapid technological change that creates anxiety and a feeling of being constantly behind.
She also discusses the control of technology by a few powerful entrepreneurs, whom she calls "technocapitalists," and the failure of society and the state to direct technological innovation for the common good.
