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Democracy, about to be overthrown by the all-powerful “techie” plutocracy?


It is no secret that the technology industry accumulates more and more power, so much so that its influence on governments is increasingly cyclopean and is, in fact, already firmly embedded in some of them (Elon Musk will be part, without going any further, of Donald Trump’s new executive). and it seems that The plutocracy that is developing in the heat of the “techie” industry could end up overthrowing democracy.to. This was stated last Saturday at the DLD 2025 conference, which was held in Munich between January 16 and 18, by the journalist and writer Matthew Bishop. «We are at the gates of a technological plutocracy»he assured.

Shortly after declaring himself victorious at the polls, Donald Trump, who will be inaugurated as president of the United States today, announced that would put Elon Musk and entrepreneur Vivek Ramaswamy at the head of the new Department of Government Efficiency of the North American country. This new department, which demonstrates that the “techie” industry has become fully involved in the United States Government for the first time, was created with the objective of significantly reducing the overlapping costs of bureaucracy and to do so it will make a strong “snip” » to regulations in order to allow the economy to grow green shoots more freely (and running into fewer obstacles).

This will allow large American corporations to exercise even greater influence than they already have in politics.stated in DLD the former MEP Marietje Schaake, who is currently director of international policies at the Cyber ​​Policy Center at Stanford University. Over the course of the coming months, tech companies will use their influence (expanded to infinity and beyond) to “disrupt democratic institutions that are supposed to act independently,” Schaake stressed.

The border between technological power and political power is becoming blurred

The rising power of companies in the technology sector has an enormous impact on American societySchaake said. Proof of this is, for example, the influence of Elon Musk, who claims to himself the role of champion of freedom of expression, but nevertheless denies those who are critical of him the freedom of expression that they so passionately she supposedly defends, Schaake argued.

Another example of the confluence of technology with power is the shift to the right recently carried out by Meta. Following in the wake of X, the company led by Mark Zuckerberg announced a couple of weeks ago that it would replace data verification in the United States with so-called “community notes.” With this controversial decision, the Meta parent company wants to put freedom of expression at the forefront and let its own users warn other people of the lies and inaccuracies spread through Facebook, Instagram and Threads.

In Schaake’s opinion, The growing amalgamation of technology and politics beyond the seas could eventually have ramifications in Europe. Even so, the former MEP considers that the old continent is reasonably well protected against the influence of companies in the “techie” industry through appropriate laws and regulations. But pressure is growing and more investment is needed to reduce Europe’s dependence on a few US-based technology companies. “Europe needs to be more autonomous and resilient in the face of geopolitical shocks coming, on the one hand, from the United States, and from China, on the other,” he emphasized.



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