The Sunday Show
The Dangerous Combination of Technology and Capitalism
Feb 2, 2025
Jathan Sadowski, a senior lecturer at Monash University and author of The Mechanic and the Luddite, joins the conversation to unravel the tight-knit relationship between technology and capitalism. He critiques traditional tech narratives and advocates for increased accountability and critical thinking. Sadowski reexamines the Luddite movement, dispelling myths around their anti-tech stance, and addresses how AI functions as a 'perpetual value machine' aiming for endless profits. He also discusses the political dynamics of Silicon Valley, highlighting its troubling alliances and the need for regulation.
44:28
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Quick takeaways
- The concentration of wealth among elites poses a serious threat to democracy, necessitating accountability for technology platforms that shape public opinion.
- Jathan Sadowski emphasizes the importance of examining the intertwined dynamics of technology and capitalism to foster critical thinking about their societal roles.
Deep dives
Concerns About Oligarchy and Power Dynamics
The concentration of power among a small group of ultra-wealthy individuals represents a significant threat to democracy and societal equity. Outgoing President Biden emphasized this concern in his farewell address, drawing parallels to Eisenhower’s warning about the military-industrial complex. He expressed the need to hold technology platforms accountable, highlighting their potential to distort truth and manipulate public opinion. This shift towards an oligarchic structure, particularly in the tech sector, raises questions about the integrity of democratic rights and the fair opportunities available to every citizen.
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