There’s something ironic about the home of Wall Street chiding Silicon Valley for an unseemly love affair with financialization over the real economy, but there’s no denying that Silicon Valley’s contribution to mass surveillance, mass inequality and monopolization are giving Wall Street a run for its (prodigious) money.
From the campaign:
For many of us who have been working in the field for a long time, it now feels like the promise of the Internet era to create a more open, connected, and equitable society is slipping away. In the pursuit of the next big thing, important human values have been subordinated to speed, profits, and market domination.
The digital divide now refers to more than just broadband access for the poor in urban and rural areas. It also encompasses the inability of large segments of society to participate in the economic benefits of technology innovation.
Billions, if not trillions, of dollars of wealth have been created and remain concentrated in the hands of too few people who have collectively shown little interest in creating a commensurate era of socially-responsible philanthropy.
It’s time for the technology industry to take full responsibility for both sides of the impact equation of technology.
Something has to change.