This article takes a general look at the last revolutions we have had – from industrial revolution to tech revolution. We are now in an IT revolution in which we mine ourselves, our data for resources.
- The industrial revolution = energy revolution
- Current tech revolution is comparable to the industrial revolution in its scope, impact and effects
- We learned to capture increasing amounts of energy and then build things called machines
- Machines manipulate the energy to do something we want it to do
- We have extracted energy trapped in concentrated biomass (fossil fuels)
- This was the start of oil
- The tech revolution is about capturing and processing data
- Similarities and dissimilarities in the positives and negatives of the two revolutions
The Flow of Money
- Wealth created during the Industrial Revolution → made for “industrialized countries”
- Increased the gap between well-off and not so well-off countries
- The tech revolution also played a huge role in globalization + level of connectivity
- Led to the concentration of global wealth
- Plays a major role in reducing inequality across countries but increasing it within and at the level of humanity
- Tech revolution → playing a major role in reducing inequality across countries but increasing it within and at the level of humanity
- Just 9 of the world’s richest people own more wealth than the poorest 4 bilion
- 6 out of 9 are from tech industry
The Collateral Damage
- Our current global ecological footprint is 1.7 Earth’s
- Mass extinction of species, pollution of air/water, and destruction of natural systems
- We hacked and exploited the natural ecosystem
- IT revolution is doing something similar → but
- We are mining ourselves
The curse of short-sightedness…
- Long term consequence of pumping large amounts of greenhouse gases into the atmosphere
- Moved from being farmers to factory workers, lawyers, programmers
- Humans have a.) physical labor, b.) mental labor → physical labor taken away from us in the industrial revolution and mental labor taken away by the tech revolution.
- Short-sightedness or ignore the problems for the sake of financial gains
- “Move fast, break things” in silicon valley→ but what if the thing that is broken is unrepairable?
- Not undervaluing the contribution of tech → but we need to have these discussions to shine light fro our last revolution to the current one so we can learn from the mistakes