Companies are, by their very nature, designed to maximize profit (fiduciary duty laws), not benefit humanity. Governments are what we're meant to guide this in the right direction, but globalization and unfathomable wealth broke the system.
Technology has become so powerful and integrated into our society that the companies that drive it have become as powerful as governments, and our political systems cannot keep up.
I see this in how the EU suddenly is stepping up to regulate American tech companies, something it was never designed or meant to do. They are suddenly the only organization with enough regulatory power to do so properly, as the American government seems to have given up trying themselves.
I don't think this is unsolvable. I'd love to see "fiduciary duty laws" disbanded for one, and America being less of a pushover for lobbying would go a long way as well. By time, we will figure out what works and what doesn't.
Technology has become so powerful and integrated into our society that the companies that drive it have become as powerful as governments, and our political systems cannot keep up.
I see this in how the EU suddenly is stepping up to regulate American tech companies, something it was never designed or meant to do. They are suddenly the only organization with enough regulatory power to do so properly, as the American government seems to have given up trying themselves.
I don't think this is unsolvable. I'd love to see "fiduciary duty laws" disbanded for one, and America being less of a pushover for lobbying would go a long way as well. By time, we will figure out what works and what doesn't.