-people thought that web culture was healthy.
-they didnt know what the business model was but thought that one would come along in the future.
-here we are in the future and still nothing has come along.
-digital vertigo, a nightmare in which everyone is being taken advantage of.
-we are all being watched and privacy is being destroyed.
-Keen argues that we are at a point where we need to look at the internet and see if its working, has it been a success or a failure.
-its not to early anymore to tell if the internet is doing what we thought it would.
-we thought the internet would be democratizing, provide more opportunity, create jobs, enable freedom (culturally, economically, socially, sexually).
-we are at a point where we can conclude that the internet is not working.
-we wanted the internet to be right, we wanted it to make the world a better place.
-the law of unintended consequences.
-whatsapp is a company that employed 55 people and sold for 19 billion dollars. Kodak employed 40,000 went bankrupt. we are not creating jobs.
-machine learning leads to fewer jobs.
-the digital revolution is not creating jobs.
-”the unemployment crisis is not cyclical its structural and much of it is bound up with the digitalization of the world.”
-the 21st century world that we live in is characterized by a massive amount of inequality, and the disappearance of the middle.
-you cant blame the internet for this inequality but its an increasingly central part of it.
-what we’re seeing is a winner take all digital economy.
-we have a data factory economy that we are all working in for free.
-we were given great technology for free and that everyones a winner.
-we failed to create a viable business model.
-people make vast fortunes spying on us.
-facebook says they want to wire the whole world to help the world, but they actually just want to add people to their network. its just business. its dishonest.
-”we are drifting into a distopia. a world of massive companies, radical inequality and the disappearance of the middle”
-technology is driving everything.
-as a platform the internet is not working for organizing our world.
-uber is breaking every regulation.
-we have a world with a lack of regulation, a lack of foresite, fetishization of the idea of disruption.
-we are idealizing disruption and a lack of laws.
-one answer is regulation, we have to recognize that regulation is necessary for innovation.
-we need self regulation, companies coming together to fight piracy.
-we have a new industrial revolution. during the original industrial revolution we needed regulation (child labor, labor safety)
-we need regulation in order to build a better world.
-the internet will never create utopia, but at the moment it is creating the opposite, it is creating distopia and that needs to change.
-it is our responsibility to work together to make it better.