Tech titans are busy privatising our data by Evgeny Morozov

Are we facing another tech bubble? Or, to put it in Silicon Valley speak, are most unicorn startups born zombies?How you answer these questions depends, by and large, on where you stand on the overall health of the global economy. Some, like the prominent venture capitalist Peter Thiel, argue that virtually everything else – from publicly traded companies to houses to government bonds – is already overvalued. The options, then, are not many: either stick with liquid but low-return products such as cash – or go for illiquid but potentially extremely lucrative investments in tech startups.If true, this is good news for Thiel and his peers, especially at a time of negative interest rates. And for the rest of us? Well, we are probably doomed.
http://www.theguardian.com/commentisfree/2016/apr/24/the-new-feudalism-silicon-valley-overlords-advertising-necessary-evil

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.