Archive for February 6th, 2017

“Oligopolistic, hubristic and ruthless to its core, Silicon Valley is no beacon of moral leadership.”

February 6, 2017

http://www.economist.com/news/business/21716020-tech-firms-are-last-departing-their-see-no-evil-stance-society-and-politics

Excerpt:

For decades tech bosses have pushed a convenient doublespeak to explain their firms’ rise. Their dazzling products are the creations of their leaders. The resulting fortunes are these visionaries’ just reward. But the economic and social consequences of the industry’s output, not all of them good, are no one’s responsibility. Instead, the industry argues, they are the result of unavoidable shifts in technology, in turn responding to society’s broad demands. This logic has allowed tech firms to avoid responsibility for the stolen or bilious content that they publish and for the jobs that their algorithms help eliminate—to say nothing of their own oligopolistic market shares. Silicon Valley boasts of its own might and shrugs at its own impotence both at once.