Future Networks: Late Stage Capitalism & The Rise of Technology

Hello! Welcome to my BCM206 module two blog post. If you’d like some more context to this topic, feel free to check out my module one blog post.

The current state of the network

My first blog post covered the history of the rise of technology, now we look at the current state of the online network paradigm and its impact on ‘real life’.

Online technology permeates and affects every facet of daily life today – from our personal experiences to our education, our privacy, health implications and the economic, political and social society.

Technologies and phenomena such as closed-source social media ‘stacks‘, deep fake technology and information work mean that almost all of us exist in multiple planes. Global databases such as Google, Facebook, Amazon, Netflix and TikTok store information about our preferences, personalities, purchases and much much more.

Even if you’re not on social media, it is entirely possible that Facebook has a profile of information that details your existence. We no longer enjoy complete privacy, and this excess of data given up to mass corporations has both horrifying and convenient implications.

Today’s economy functions through information work. This new network requires constant maintenance, and so we are (unfortunately) accustomed to availability. Our mental, physical and social health is affected by our addictions to our phones and our dependence on technology. We have shorter attention spans and constantly engage in the work of sorting data depending on which piece of the content overload we choose to pay our attention. In my last blog post, I spoke about the success of TikTok as a prime example of this.

Additionally, technology such as Internet of Things (IoT) and virtual reality continue to blend the lines between our online lives and our ‘real-world’ experiences. In a lot of ways, our technology removes us of our privacy, peace of mind and freedom of choice. This era of the internet and the way that it’s affected us so detrimentally aligns very closely to the terms of late stage capitalism.

What might be coming?

The internet as a political space cannot be denied, from Russian hacker’s interference with the 2016 election to our first glance of social revolution through technology in the wake of BLM. I suspect that social liberation will come at the cost of personal privacy. There and advantages and disadvantages of decentralisation, so it’ll be interesting in the future to see where the power sways as it continues to translate into ‘real-world’ scenerios.

Despite socialist theory being written long before the development of the world wide web, decentralised resistance mechanisms within hacker culture and cryptocurrency are pushing toward major ecopolitical change. According to Lunceford (2006), “If technology is to revolutionize democratic practice, citizens must begin to use technology in revolutionary ways.”. Hackers/hacktivists aim to liberate information and remove it from it’s repressive ties to the centralised capitalist networks. The development of bitcoin has furthermore brought online economy closer towards a decentralised paradigm, so there are more and more technological dovelopments which challenge our current political paradigm.