Very interesting article on the Guardian about Big Tech and finance shaping and controlling our political landscape and taking over our political systems, pushing us into a bizarre anglo-libertarian dream.
“There is every reason to believe that the next stage of the techno-financial revolution will be even more disastrous for national political authority. This will arise as the natural continuation of existing technological processes, which promise new, algorithmic kinds of governance to further undermine the political variety. Big data companies (Google, Facebook etc) have already assumed many functions previously associated with the state, from cartography to surveillance. Now they are the primary gatekeepers of social reality: membership of these systems is a new, corporate, de-territorialised form of citizenship, antagonistic at every level to the national kind. And, as the growth of digital currencies shows, new technologies will emerge to replace the other fundamental functions of the nation state. The libertarian dream – whereby antique bureaucracies succumb to pristine hi-tech corporate systems, which then take over the management of all life and resources – is a more likely vision for the future than any fantasy of a return to social democracy.”