Wednesday, July 13, 2011

How the Financial Crisis is Rooted in Our Belief that Technology Offers a Freeing, Objective and Stable Utopia


This is a great BBC documentary on the philosophy behind the evolution of technology. It touches upon the rise, with Ayn Rand's 1950s writing, of an ideology encouraging self-interest, individual freedom and a decrease in State power that would bring about the happiest and most stable collective. Progressively technology was seen as a mean to achieve this. Through technology we all would have equal power and together create the most stable system.

The trusted objective object (technology) was seen as potentially erasing the risk, the unstablity and the helplessness of the human condition.

This leads into Sillicon Valley's new information technology, Clinton's new economy, the beginning of White House's lethargy, the Asian miracle, short term benefits, Goldman Sachs, the property bubble, nepotism, the attack on the World Trade Center, coorperate fraud and the incredible Alan Greenspan...

I watched Inside Job this weekend and this is wonderfully complimentary.