Technocapitalism

Loretta Napoleoni

Technocapitalism
Format
Paperback
Publisher
Seven Stories Press UK
Country
United Kingdom
Published
18 April 2024
Pages
272
ISBN
9781911710097

Technocapitalism

Loretta Napoleoni

The respected Italian economist and journalist offers a bold and provocative argument that the speed of technological transformation is threatening our future. At the dawn of the digital revolution, the internet was going to be the great equalizer, a global democratic force. Instead, with the money printed electronically to bail out banks, Wall Street ended up funding a new breed of serial capitalists, the Techtitans, who embraced rapid, transformational change while stripping their workers of rights and enriching themselves beyond anybody's wildest imagination; and the Space Barons, who mine new frontiers for precious resources. Then came the gig-economy, another supposed digital equalizer, where everybody was his or her own boss, but it was just another illusion. Tech pioneers like Google, Facebook, Apple, Uber, and Microsoft never had any intention of spreading democracy. Those who control and own the technology are the absolute masters. As artificial intelligence enters the labour market, companies like Uber are able to cut labour costs to the barest of minimums, by squeezing workers' privileges and rights. In Techno-Capitalism, Napoleoni describes these phenomena as the genesis of a new paradigm, born in a period of extraordinary change in which the acceleration of transformational change has caused a dizzying, anxiety-induced paralysis from the FTX collapse to AI, private space companies to the war in Ukraine, from inflation to the dirty environmental truth of EV car batteries. Technological transformation is occurring at a speed that is existentially unbearable for most of us. We must fight for our common good to address today's real challenges of global warming and militarism and the soulessness of capitalist endeavor. Napoleoni shows us how.

This item is not currently in-stock. It can be ordered online and is expected to ship in approx 2 weeks

Our stock data is updated periodically, and availability may change throughout the day for in-demand items. Please call the relevant shop for the most current stock information. Prices are subject to change without notice.

Sign in or become a Readings Member to add this title to a wishlist.