A new form of capital is ascending: cloud capital—networked algorithmic machines that grant their owners remarkable powers to modify our behaviour. And just as financiers needed neoliberalism, today’s tech lords need a new ideology to legitimise their rule. I call it techlordism.
It’s the age of “Mega Tech Corporations”
If corporations become immune to oversight by state legislative bodies, they exert pressure on governments and transform into feudal structures.At this point, countries that host technology companies have a major role to play.Today, if a technology company has billions of dollars, it can certainly pressure the government to act in its own interests.At this point, the government needs to create legal regulations for these types of companies.