Discussion about this post

User's avatar
Optiskeptic's avatar

You end with '...Resisting this dehumanising vision requires not only defending democratic institutions but revitalising them...' and that seems to me like suggesting the shareholders will hold the CEO to account. When BT was privatised lots of us became shareholders, it was like post-Soviet coupon privatisation... but we all sold for a modest profit to a few who aggregated our votes into the big funds, all run by people like the CEOs. We with our little pots in the big funds have no influence on how our aggregated power is used. Of course democracy works, but only for the CEO and cronies. Silicon valley seems to me like a latter day Shangri-la believing its paradise of beliefs and hierarchical power will not be challenged by the peasants beyond the mountains. But, CEOs have a finite life-span as do empires. Their rapacious policies may have worked in the USA so far - but China and India, just two corporatist states with growing economies containing nearly 30% of global population, might be an irresistible challenge...

Expand full comment
1 more comment...

No posts