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Jill on Money with Jill Schlesinger

How Big Tech Betrayed All of Us

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 6 February 2020

⏱️ 29 minutes

🧾️ Download transcript

Summary

In Don’t Be Evil, Financial Times global business columnist Rana Foroohar tells the story of how Big Tech lost its soul, and ate our lunch. “Don’t be evil” was enshrined as Google’s original corporate mantra back in its early days, when the company’s cheerful logo still conveyed the utopian vision for a future in which technology would inevitably make the world better, safer, and more prosperous. Unfortunately, it’s been quite a while since Google, or the majority of the Big Tech companies, lived up to this founding philosophy. Today, the utopia they sought to create is looking more dystopian than ever: from digital surveillance and the loss of privacy to the spreading of misinformation and hate speech to predatory algorithms targeting the weak and vulnerable to products that have been engineered to manipulate our desires. How did we get here? How did these once-scrappy and idealistic enterprises become rapacious monopolies with the power to corrupt our elections, co-opt all our data, and control the largest single chunk of corporate wealth, while evading all semblance of regulation and taxes? Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Hi, it's Jill Schlesinger.

0:04.5

On this episode of Jill on Money,

0:07.1

is the tried and true investment advice right going forward?

0:11.7

We've had an environment for 40 years in which all boats have

0:14.4

been rising and so if you think about the investment advice that the average

0:18.1

retail person was given put your money in an index fund, forget about it.

0:22.8

I'm not so sure that's the best advice anymore

0:25.1

because I think that US multinational stocks,

0:28.2

in particular, their growth is going to be constrained.

0:31.4

Welcome to the Jill on Money Podcast.

0:33.5

We are presented by Marcus by Goldman Sachs.

0:36.4

You know, beginning of the year, good time to take stock of where things stand.

0:40.8

That's why I was happy to book our guest,

0:43.0

Rana Faruhr, she's a columnist at the Financial Times.

0:46.0

She has such a great depth of knowledge around the economy,

0:50.0

financial services, the technology sector.

0:53.0

She's also got a new book out.

0:55.0

It's called Don't Be Evil,

0:56.0

How Big Tech betrayed its founding principles

0:59.0

and all of us.

1:00.0

This is a wide-ranging conversation with Rana. Hope you enjoy it.

1:05.0

You're listening to Jill on Money with Jill Schlesinger.

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