Joel Kotkin is the author of The Coming of Neo-Feudalism: A Warning to the Global Middle Class
38 min listen
This week Freddy is joined in The Spectator offices by regular contributor and fellow of urban studies at Chapman University, Joel Kotkin. They discuss Biden and Trump’s respective attempts to burnish their credentials with the unions this week, how the cultural agenda is alienating voters, and whether technology could prevent the coming of neo-feudalism.
As recently as the early Nineties, when the great cities of the Midwest and East Coast were careening toward what seemed like an inevitable downturn, the urban agglomerations along the Pacific coast offered a demonstrably brighter urban future. From San Diego to the Puget Sound, urban centres along America’s western edge continued to thrive and
The rise of artificial intelligence may be rescuing the tech oligarchy, but its current trajectory could hasten our steps towards what virtual reality guru Rony Abovitz calls ‘computational autocracy’. The new possibilities posed by AI represent a force multiplier for the large tech firms. Musk, Apple, Meta, Google and Microsoft already seem poised to dominate
39 min listen
Freddy Gray speaks to Joel Kotkin who is the author of The Coming of Neo-Feudalism: A Warning to the Global Middle Class. On the podcast, they discuss the collapse of Silicon Valley. With mass layoffs in the tech sector and a post-pandemic real estate downturn, Kotkin argues the Valley is entering a period of long-term decline
It is difficult, given what Silicon Valley has become, to convey exactly what it was like in the 1970s and ‘80s. It was a remarkable centre of technology, but also the embodiment of the spirit of capitalism at its very best, as epitomised by garage start-ups like Apple. Greed, of course, is always a human
America could be entering the ‘Great Stagflation’, defined by economist Noriel Roubini as ‘an era of high inflation, low growth, high debt and the potential for severe recessions’. Certainly, weak growth numbers, declining rates of labour participation and productivity rates falling at the fastest rate in a half century are not harbingers of happy times.
We bemoan autocracies in Latin America, the Middle East, Africa, Russia and China but largely ignore the more subtle authoritarian trend in the West. Don’t expect a crudely effective dictatorship out of Orwell’s Nineteen Eighty-Four: we may remain, as we are now, nominally democratic, but be ruled by a technocratic class empowered by greater powers
