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This disproportionate relationship between capital and value—or invested money versus actual revenue—is the hallmark of the dominant digital economy. If anything, the digital economy has laid bare the process by which cash, labor, and productive assets from the real, transactional marketplace are e…

[...] Companies with new technologies are free to disrupt almost any industry they choose—journalism, television, music, manufacturing—so long as they don’t disrupt the financial operating system churning beneath it all. Hell, most of the founders of these digital companies don’t seem to realize th…

We are caught in a growth trap. This is the problem with no name or face, the frustration so many feel. It is the logic driving the jobless recovery, the low-wage gig economy, the ruthlessness of Uber, and the privacy invasions of Facebook. It is the mechanism that undermines both businesses and in…

[...] So each tech company must become as intrusive, extractive, divisive, time-consuming, wasteful, expensive, job killing, exploitative, and manipulative as the next one. As for their impatient shareholders, well, they are the likes of us: we are the ones holding these very stocks in our own 401(…

There is something troubling about the way Google is impacting the world, but neither its buses nor the people in them are the core problem; they’re just the easy target. Google’s employees are not oblivious to the increasing poverty outside the bus windows on their way to work. If anything, such s…