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This struck me as a pretty basic misunderstanding of the way capitalism works—as does, in fact, the whole notion of a nurturing “ecosystem” dedicated to “mentoring” and “incubating” other people’s precious startups. (It’s a basic misunderstanding of ecology, too, but we will let that pass.) Other than the chance to make some money, why would a capitalist participate in such a thing? If startups really were to encourage other startups, they would be contributing pretty directly to their own competition—and robust competition is precisely what today’s thinking business person wants to avoid. The winning quality today is monopoly, not competition. But this is not a literature given to subtlety or introspection. As the tech writer Evgeny Morozov points out in To Save Everything, Click Here, the cult of innovation holds every info-age novelty to be “inherently good in itself, regardless of its social or political consequences.” Sure enough, as far as I have been able to determine, few of the people who write or talk about innovation even acknowledge the possibility that innovations might be harmful instead of noble and productive. And yet recent history is littered with exactly such stuff: Innovations that allow companies to spy on us. Innovations that allow terrorist groups to recruit online. Innovations that allowed Enron to do all the fine things it used to do. Come to think of it, the whole economic debacle of the last ten years owes its existence to the financial innovations of the Nineties and the Aughts—the credit default swaps, or the algorithms companies used to hand out mortgage loans—innovations that were celebrated in their day in the same mindlessly positive way we celebrate tech today.

The great technological advance of the early twenty-first century consists not of new objects but of old ones made intelligent. The knowledge content of products is becoming more valuable than the physical elements used to produce them. In the 1990s, as the impact of info-tech began to be understood, people from several disciplines had the same thought at once: capitalism is becoming qualitatively different. Buzz phrases appeared: the knowledge economy, the information society, cognitive capitalism. The assumption was that info-capitalism and the free-market model worked in tandem; one produced and reinforced the other. To some the change looked big enough to conclude it was as important as the move from merchant capitalism to industrial capitalism in the eighteenth century. But just as economists got busy explaining how this ‘third kind of capitalism’ works, they ran into a problem: it doesn’t.

In classical computing, all calculations—and all data—exploit whether a "bit" has the value of 0 or 1. Yes, it's all 0s and 1s. Our info-tech universe is binary. Quantum computing instead uses "qubits." A qubit can be a 0 or 1, just like its classical cousin. But a qubit can also be a continuous combination of 0 or 1: a little bit of 0 and a lot of 1; a lot of 0 and a little bit of 1; equal amounts of both; and everything in between. In quantum-speak we call this a superposition of the two states. Not knowing whether a qubit is a 0 or 1 is not a shortcoming of quantum computing; it's a coveted feature that challenges our binary brains to embrace it. In the universe, two or more seemingly contradictory facts can be simultaneously true. How about on Earth? Can you be both male and female? Can you be neither? Can you move fluidly between being a man and a woman? Is your sexual preference fluid too? Maybe we're all male-female qubits. Such questions are hard for some people to grasp, embedded in a culture that sees the world as a landscape of rigid categories, where things must be one or the other, and not fall on a continuum.

whenever something is provided by a tech company for free, it's always to improve the voodoo doll. Why is Google Maps free? So the voodoo doll can include the details of where you go every day. Why are Amazon Echo and Google Nest Hubs sold for as cheap as $30 (£22), far less than they cost to make? So they can gather more info; so the voodoo doll can consist not just of what you search for on a screen but what you say in your home.

An information security policy that doesn't consider human behavior and natural disasters isn't one that has the ability to prevent an exploit from being carried out.

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