The rich and powerful have hijacked progress throughout history, says Daron Acemoğlu. They did so back in the Middle Ages and also now in the age of artificial intelligence. In an interview, the MIT economist dives into the question of whether Silicon Valley is plunging humanity into destitution.
The last time was social media, and that hasn’t has benefited anyone except the shithead billionaires who got rich off of it. Social media is an astounding disaster.