Morozov on legimation crisis:
… technology firms are rapidly becoming the default background condition in which our politics itself is conducted. Once Google and Facebook take over the management of essential services, Margaret Thatcher’s famous dictum that “there is no alternative” would no longer be a mere slogan but an accurate description of reality.
The worst is that today’s legitimation crisis could be our last. Any discussion of legitimacy presupposes not just the ability to sense injustice but also to imagine and implement a political alternative. Imagination would never be in short supply but the ability to implement things on a large scale is increasingly limited to technology giants. Once this transfer of power is complete, there won’t be a need to buy time any more – the democratic alternative will simply no longer be a feasible option.
Carlota Perez grasps the larger framework of this crisis with more historical realism than Morozov can muster, and thus judges its proportions more accurately. His entire argument is enveloped within hers as a predictable symptom of long-wave rhythms (down to its details of hyper-financialization, de-financialization, and concurrent socio-political upheaval). With that context noted, it’s still worth a read.