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I disagree with the notion that tech is "the most powerful industry" or more powerful than the press. The press is the most powerful industry, by far. With a s
by smitherfield 10y ago
I disagree with the notion that tech is "the most powerful industry" or more powerful than the press. The press is the most powerful industry, by far.
With a single front-page story they can make a $9 billion company worthless (e.g. Theranos — not saying this is a bad thing!). They can get popular products banned (e.g. Four Loko). They can set off moral panics (e.g. Satanism) that end up with people being imprisoned under false pretenses for decades. No other industry besides government has such power.