Tech titans with better data and engineers will disrupt Wall Street, writes Evgeny Morozov
In the past few decades, Wall Street has made finance a central feature of both the global economy and of our everyday lives – a process often described as “financialisation”. Silicon Valley, almost contemporaneously, has done the same for digital media technologies. That process, too, has a fancy name: “mediatisation”.
With reports that Facebook is seeking to buy a drone-manufacturing company, ostensibly to connect the most remote corners of the globe, the days of blessed disconnection seem firmly behind us.