Is there still time to rein in the tech giants?

Long piece by me in today’s Observer:

When historians look back on this period, one of the things that they will find remarkable is that for a quarter of a century, the governments of western democracies slept peacefully while some of the most powerful (and profitable) corporations in history emerged and grew, without let or hindrance, at exponential speeds.

They will wonder at how a small number of these organisations, which came to be called “tech giants” (Alphabet, Amazon, Apple, Facebook and Microsoft), acquired, and began to wield, extraordinary powers. They logged and tracked everything we did online – every email, tweet, blog, photograph and social media post we sent, every “like” we registered, every website we visited, every Google search we made, every product we ordered online, every place we visited, which groups we belonged to and who our closest friends were.

And that was just for starters. Two of these companies even invented a new variant of extractive capitalism. Whereas the standard form appropriated and plundered the Earth’s natural resources, this new “surveillance capitalism” appropriated human resources in the shape of comprehensive records of users’ behaviour, which were algorithmically translated into detailed profiles that could be sold to others. And while the activities of extractive capitalism came ultimately to threaten the planet, those of its surveillance counterpart have turned into a threat to our democracy…

Read on