Why the Power of Technology Rarely Goes to the People
A new book reviewing 1,000 years of technological progress reveals how it benefits entrenched interests.
In a new book, economists Daron Acemoglu and Simon Johnson provide a sweeping historical overview of just how unevenly the spoils and costs of technological change have been distributed. Power and Progress: Our 1,000-Year Struggle Over Technology and Prosperity reminds us that technology is not itself a force but rather a tool that is developed to support the agendas of the people and institutions who hold power in society. Claiming a fair share of technology’s benefits for the rest of society — that is, ...
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