Big Tech firms flagrantly disregard the implicit social contract that enables capitalist economies to thrive. The time has come to curb their market power and establish the institutional mechanisms necessary to prevent the benefits of technological innovation from being monopolized by a privileged few.
CAMBRIDGE – One of the defining economic challenges of our time is how to distribute the value generated by groundbreaking technologies, such as generative artificial intelligence and recent innovations in biomedicine and manufacturing, which rely on massive computing power. To improve living standards, the benefits of transformative technologies must be widely shared. So far, however, these benefits have been monopolized by a small cadre of tech billionaires.
CAMBRIDGE – One of the defining economic challenges of our time is how to distribute the value generated by groundbreaking technologies, such as generative artificial intelligence and recent innovations in biomedicine and manufacturing, which rely on massive computing power. To improve living standards, the benefits of transformative technologies must be widely shared. So far, however, these benefits have been monopolized by a small cadre of tech billionaires.