‘Capitalism has to become more humane’: a Stanford economist on big tech, power hoarding and democracy
Summary
A Guardian interview with Stanford economist Mordecai Kurz argues that tech monopolies erode democracy and that capitalism must be reined in. Kurz draws historical parallels to the Gilded Age, links concentration of power to political and economic inequality, and proposes policy reforms to tax excess wealth, subsidize retraining, and ensure AI aids workers rather than replacing them.