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TECHNICAL OLIGARCHIES 1

Technical Oligarchies in-relation to US Government Roles

September 16, 2018

Long-term implications of the increasing dependence on technical oligarchies (Google, Amazon, Facebook, etc.) on society, the economy or Christianity.

The government’s concern with technical oligarchy is their contributions to material economy. Even with low material economy, the technical oligarchy is backed by approximately 70% of the America population who are backing the technological innovation as compared to other industries, which is supported by the rest of the population (Collier, 2015). Today, tech employees likely keep companies to take a stand against government conflicts values. Comment by Albert Ball: Missing modifier after to. Comment by Albert Ball: You may want to rethink this sentence. The 70% also support the rest of the economy. It may be better to say that 30% is not supporting the technical oligarchy. Comment by Albert Ball: This sentence is not clear. It is also not supported by a reference.

The tech companies have dealt with several pushbacks because of the relationship between them and the government. For example, the government’s concern regarding Google suggests that the company’s artificial intelligence would be putting too much pressure on the state of safety within the nation. The technical oligarchies are considered as living bubble or leaving in their own world with little material economy (Keynes, 2018). The low material economy means that the government is getting low revenue regarding taxation even though the technical companies demonstrate high value. Comment by Albert Ball: What concern are you referring to? Comment by Albert Ball: Missing modifier after as

Another focus for the government concerning technical oligarchy is concentration of too much wealth among few individuals as compared to the material economy, which reflects wide spread income among many citizens. However, Technical Oligarchies argue that differences in percentage of activities collectively account for despite wealth where the taxman creates interest for the same (Elfring, & Hulsink, 2003). The oligarchies develop information networks for their earning through creating products for high level consumption as compared to providing direct employment for large number of employees (Elfring, & Hulsink, 2003). These oligarchies have little interest in expanding the white-collar jobs within the nation. Technical oligarchy allows wealth creation particularly among the young population, but wealth gap is high as compared to the rest of the industry. Comment by Albert Ball: Who says the government is concerned about this? Comment by Albert Ball: What evidence do you have to support this statement. Comment by Albert Ball: What evidence do you have to support this statement.

Reference

Collier, R. B. (2015). The High-Tech Economy, Work, and Democracy 2.0.

Keynes, J. M. (2018). The general theory of employment, interest, and money. Springer.

Elfring, T., & Hulsink, W. (2003). Networks in entrepreneurship: The case of high-technology firms. Small business economics, 21(4), 409-422.