Ask HN: Is a future Techno-oligarchy inevitable?

3 points

a year ago

Considering that the gap between the super-rich and the rest keeps growing at a vertiginous speed every year[1][2], and that 7 of the top 10 world's wealthies persons come from the tech industry[3] (which we can probably all agree are very powerful and very political), my questions are:

i) Will this trend just keep increasing forever?

ii) How will a future society highly controlled by a few trillionaire tech moguls look like?

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[1]: https://www.oxfam.org/en/press-releases/wealth-five-richest-men-doubles-2020-five-billion-people-made-poorer-decade-division

[2]: https://www.weforum.org/stories/2021/12/global-income-inequality-gap-report-rich-poor/

[3]: https://en.wikipedia.org/wiki/The_World%27s_Billionaires