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James Wang's avatar

Great analysis, and definitely agree in terms of the promise vs reality of where tech took us—including the vision before of millions of small businesses with the inherently decentralized internet, vs the tech titans that are now much of the total stock market alone (and individually are larger in value than entire countries’ GDP).

That’s part of the small vs big tech too, and people can be forgiven for not really seeing the difference when the original promise of what the future looked like from what used to be “small tech” also turned out not to be.

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TonyZa's avatar

IMO the Tech Backlash started around 2014 when the NYT figured out that they are actually competitors in the digital market against Google and Facebook and their previously glowing coverage of Silicon Valley turned into daily attacks. By 2018 they were criticizing the stray cats at Googleplex. This was part of their successful digital transformation strategy.

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