The 4th Industrial Revolution Hype

Andrew Yang Keeps Talking About the Fourth Industrial Revolution. What the Heck Is That?

Andrew Yang seems well-intentioned and concerned about the middle class. A lot of smart people on the left like the idea of a universal basic income. They might like some of his other ideas, too, like publicly funded elections or regulating the use of artificial intelligence by businesses or eliminating the penny. But he embodies a kind of Silicon Valley liberalism that would rather use the safety net to cushion the blows of capitalism than actually disrupt the interests of big companies. And intentionally or not, his talk about an imaginary robot apocalypse serves as a distraction from issues like corporate power and trade, and can be an excuse to avoid topics that actually threaten the bottom lines of companies like Facebook.

During Tuesday’s debate, Yang waved away the idea of using antitrust rules to go after tech giants, basically by repeating the words 21st century a couple times. “What we have to do is we have to hone in on the specific problems we’re trying to solve and use 21st century solutions for 21st century problems. Using a 20th century antitrust framework will not work. We need new solutions and a new toolkit.” It’s just the kind of thing you’d expect to hear at Davos.

Read More at Slate

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