Big Tech: The New Predatory Capitalism

Big Tech: The New Predatory Capitalism
AP Photo/Thibault Camus, File

We're making the world a better place.”

The phrase is thrown around so often in the tech world that it became a punch line on the HBO satire Silicon Valley. Executives controlling the largest tech titans—Google, Amazon, Facebook, Apple, and Microsoft—might even believe it. But in a searing presentation at Business Insider's IGNITION conference in November, New York University professor Scott Galloway explained that technology and progress have stopped traveling together since the days of the Apollo Project, even as scientists and engineers developed the most sophisticated tools known to mankind.

“What has the greatest collection of humanity and IQ and financial capital been brought together to accomplish?” Galloway asked the crowd. “To save world hunger? To create greater comity of man? I don't think so. … Their singular mission, simply put, it's to sell another fucking Nissan.”

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