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One of the key dynamics of the modern era is the result of a conflict between the old beauracracy on wall street and the rising aristocracy of silicon valley te
by calhoun137 7y ago
One of the key dynamics of the modern era is the result of a conflict between the old beauracracy on wall street and the rising aristocracy of silicon valley tech executives. While wall street controls the flow of money, silicon valley controls the flow of information. The secret algorithms of social media companies like youtube are their primary source of power, and to control the algorithm means to have a massive ability to manipulate public opinion and control the public mind. I believe its only a matter of time until silicon valley emerges as the victor of the current conflict.
- LegitShady 7y agoIt's only a matter of time until Facebook and Twitter are regulated or partly under state control. The battle isn't between Wal Street and silicon valley it's the existing political structure attempting to rein in but benefit from them.
- calhoun137 7y agoI agree it was a pretty big simplification which ignored the role of the state. I consider "the existing political structure" to consist of both "wall st" and "silicon valley" and that these elites are in conflict with each other.