On Point | Podcast
Silicon Valley’s reign over tech, money and politics
Nov 25, 2024
Adam Siegel, a leader in tech policy at the Council on Foreign Relations, and Maritja Schaka, a fellow at Stanford's Cyber Policy Center, dive into the alarming rise of Silicon Valley's influence in American politics. They discuss how tech giants are reshaping democracy through their deep financial ties and political engagements, especially since the 2016 election. The conversation explores the challenges of regulating these powerful entities, the historical shifts in the political stance of tech firms, and the central role of disinformation in this evolving landscape.
46:56
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Quick takeaways
- The growing influence of tech billionaires like Musk and Thiel in politics signifies a troubling alignment with right-wing agendas and raises democracy concerns.
- The blend of surveillance capitalism and political power by Silicon Valley executives necessitates stronger regulatory mechanisms to ensure transparency and accountability in governance.
Deep dives
The Rise of Tech Billionaires in Politics
The influence of tech billionaires in politics has grown significantly, with figures like Elon Musk and Peter Thiel actively participating in government initiatives and supporting political campaigns. Musk's involvement in the Department of Government Efficiency symbolizes a shift where the priorities of tech leaders now align more closely with right-wing agendas. This emerging 'broligarchy' reflects the direct engagement of Silicon Valley executives in shaping public discourse and policy. The consolidation of power among a small group of wealthy individuals raises concerns about the implications for democracy and accountability.
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