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The rise of 'Technocapitalism' and its impact on humanity, with economist Loretta Napoleoni

GeekWire

GeekWire

Technology, Tech News, News

4.4116 Ratings

🗓️ 18 May 2024

⏱️ 36 minutes

🧾️ Download transcript

Summary

This week's episode features an interview with Loretta Napoleoni, conducted by Ross Reynolds, the longtime public radio host and occasional GeekWire Podcast guest host, in an event presented by Town Hall Seattle on April 18, 2024.

Loretta Napoleoni is an Italian economist and journalist whose books include "Rogue Economics" and "Insurgent Iraq." Her newest book is “Technocapitalism: The Rise of the New Robber Barons and the Fight for the Common Good."

In this interview, she explains the concept of the "present future." This refers to the disorienting era in which we're living, characterized by rapid technological change that creates anxiety and a feeling of being constantly behind.

She also discusses the control of technology by a few powerful entrepreneurs, whom she calls "technocapitalists," and the failure of society and the state to direct technological innovation for the common good.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

So everything that is happening is happening because of political choices.

0:06.0

And the political choices are related because we live in a democracy to our decision.

0:12.0

We are the voters and we put those people in place and those people

0:16.7

do certain things. So at the end of the day it's not technology the problem

0:21.6

the problem is us.

0:26.0

Welcome to GeekWire.

0:28.0

I'm GeekWire co-founder Todd Bishop.

0:30.0

Today on the show, we're featuring a conversation with Loretta Napoleoni, an economist and

0:35.3

journalist whose books include rogue economics and insurgent Iraq.

0:39.8

Her newest book is Technocapitalism, The Rise of the New Robber Barrens and The Fight for the Common Good.

0:47.0

She spoke with moderator and interviewer Ross Reynolds, the longtime public radio host and occasional

0:52.1

GeekWire Podcast guest host in an interview

0:54.9

presented by Town Hall Seattle on April 18th, 2024.

1:00.8

Let's start out with some of your big ideas here right from the introduction. You're right, we're in a disorienting era. You call it the present future, characterized by a pace of change so rapid and so disconcerting that we're in a pandemic of anxiety. Now it's not

1:16.4

the first time we've had rapid change. In fact when I read that I was thinking of

1:20.1

Alvin Toffler and Adelaide Farrell's book, Future Shock, which was also an era when there was so much technology changing.

1:27.0

So talk a little bit about what you mean by present future and compare it to other panics we've had about the speed of innovation and change.

1:35.0

Well thank you. This is a really good question because the original title of the book was Present Future. And then we decided that maybe it was too

1:49.4

esoteric and too difficult for people to grasp right away so technical capitalism is more concrete.

1:58.4

The book became technical capitalism.

2:00.5

But the present future is a central concept of the book because in reality what it means is that we're living in the present of course but we're already living in the future and this is because technology moves so fast

2:16.7

that it is almost unbearable for the human being to keep pace with the speed of change, especially technological innovation.

...

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