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Cheez Whiz's avatar

Really, really good summary of the current state of Technology Today. Money changes everything, and Money changed Tech. In addition to chasing that first rush of being a scrappy underdog changing the world in your garage, the whole VC ecosystem that grew and enveloped Tech puts enormous financial and social pressure on finding the next indispensable good/service that society can't live without. All 3 Big Ideas check the necessary boxes (though Web 3.0 is nothing more than a solution in search of a problem, A.I. and the Metaverse have the potential to Change Everything if you squint hard enough and keep your promises vague).

And clearly, Silicon Valley considers the Somebody Else of S.E.P. to be The Government. More than a little ironic, given the libertarian bent of these Masters of the Universe. But then again, privatize the profit, socialize the cost is a core tenent of capitalism as we know it, and boy do these guys love capitalism as we know it. Look how it works for them.

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Timothy Burke's avatar

This is great. I've been thinking only about the metaverse future in a similar vein for a while--about why virtuality retains its centrality as a trope of futurism despite not only never quite arriving but almost intrinsically, ontologically, never possibly being what futurism thinks it is.

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