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Then I would call them money concentration machines, with "tech" just being a new-ish fig leaf for something that's not new at all: > [Hobbes'] Leviathan was n
by PavlovsCat 7y ago
Then I would call them money concentration machines, with "tech" just being a new-ish fig leaf for something that's not new at all:
> [Hobbes'] Leviathan was not concerned with idle speculation about new political principles or the old search for reason as it governs the community of men; it was strictly a "reckoning of the consequences" that follow from the rise of a new class in society whose existence is essentially tied up with property as a dynamic, new property-producing device. The so-called accumulation of capital which gave birth to the bourgeoisie changed the very conception of property and wealth: they were no longer considered to be the results of accumulation and acquisition but their beginnings; wealth became a never-ending process of getting wealthier. The classification of the bourgeoisie as an owning class is only superficially correct, for a characteristic of this class has been that everybody could belong to it who conceived of life as a process of perpetually becoming wealthier, and considered money as something sacrosanct which under no circumstances should be a mere commodity for consumption.
-- Hannah Arendt, "Origins of Totalitarianism"
- cdirkx 7y agoYes? The wish for companies to make money is indeed not new, however, the ways tech companies achieve this are. Technology has enabled extremely low marginal and transactional costs as the essay explains. Build once, sell an infinite number of times at nearly zero cost was not really a possibility before, thus in that sense companies that take advantage of this really are _new_.