How the tech revolution has left communities behind

How the tech revolution has left communities behind

(light music) – So, the
three pillars are really the pillars that hold up society. On the one hand, there’s
the political pillar: the state, government. There is the economic pillar: markets. And then there is the societal
or sociological pillar: communities, people, democracy. And together these pillars, essentially, make our society what it is. What happens when one or two pillars get overly strong is that
it creates an imbalance, and that imbalance has to be rectified, either by strengthening some other pillar or by weakening the existing pillars. And throughout history, and that’s what the book tries to show, we’ve had serious imbalances emerging, either because of dramatic
calamity like the Black Death, which was the plague that
killed off one-third of Europe, or because of scientific
or technological advances, such as the first or the
second Industrial Revolution. And I argue we are going
through something similar today: a technological revolution,
which essentially is strengthening markets
tremendously but also strengthening governments
at the same time. And what is being left behind? It’s the third pillar, the community. What we’re having today is a
strengthening of the market. Across the world, we see vibrant markets facilitated by technology. Now, what this does is it
requires more from people. It requires people to
have better education, higher education, and it
leaves a lot of people behind who cannot get that education. Now, where do people get education? In their communities, from strong schools in their communities. And what we’ve seen today
is that third pillar, the community pillar, is breaking down because when people see that
you need a strong education to survive in this world, they want the best
education for their kids. They leave the existing communities, which cannot provide that education, go to the communities in
New York or San Francisco with great schools. But what happens to the
communities where they don’t have that kind of school?
Because the smart kids, the well-prepared kids, have left, what is left behind is a
less-well-to-do community, a community that prepares
people less for the future. Why is it that people are angry? Not just because they saw
the global financial crisis and they saw that, you know, the elite looked after themselves, but also because they feel that the future is less good for their
children than it was for them. This is a big change in the world because the history of
the last 200 years has always been one of progress. We’re now coming face to face with
the possibility of regress. I think we need to think deeply
about what is going wrong, why the system worked for 60 or 70 years and then stopped working, and
how we set it back on track. And that requires fundamental change. It’s not about easing monetary policy, or a fiscal boost here,
or a fiscal boost there. It is about fundamentally restructuring the social contract that we have. It’s about how we get the services and the activity to the areas
where they’re disappearing. (light music)

One thought on “How the tech revolution has left communities behind

  1. This is why a large number of Trump's supports are White and uneducated. These people are desperate, and Don the con man is taking advantage of these poor people.

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