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Constraining the dreams of (aspiring) #digitalelites

From Throwing Rocks at the Google Bus, by Douglas Rushkoff, loc 3167:

So they accept the hypergrowth logic of the startup economy as if it really were the religion of technology development. They listen to their new mentors and accept their teachings as gifts of wisdom. These folks already gave me millions of dollars; of course they have my best interests at heart. After all, these are young and impressionable developers. At age nineteen or twenty, the prefrontal cortex isn’t even fully developed yet. 42 That’s the part of the brain responsible for decision making and impulse control. These are the years when one’s ability to weigh priorities against one another is developed. The founders’ original desires for a realistic, if limited, success are quickly replaced by venture capital’s requirement for a home run. Before long, they have forgotten whatever social need they left college to serve and have convinced themselves that absolute market domination is the only possible way forward. As one young entrepreneur explained to me after his second board meeting, “I get it now. A win is total, or it’s nothing.”

Categories: Defensive Elites Finance and Economy The Political Economy of Digital Capitalism

Mark

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