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OPINION: The times of ‘just right man’ capitalists are over. School scholars are proper to show towards the tech elites

webdev by webdev
July 9, 2026
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The scholars booing artificial intelligence at commencements around the nation aren’t simply apprehensive about jobs. They have got realized an pressing lesson from the not-so-distant previous.

They know that the acquainted promise of empowerment and creativity will proceed to present technique to the pathologies of the web surveillance economic system: viral slop, industrial manipulation and addictive apps — this time on computerized steroids. 

The utopian promise of the tech business is on lifestyles toughen. The hope that it might empower staff and revitalize democracy soured someday between the huge records breach of the Cambridge Analytica scandal and the speedy uptake of the time period “surveillance capitalism” to explain the web economic system. 

If Silicon Valley as soon as gained the enthusiastic reception reserved for “just right man capitalists,” the ones days are over, and deservedly so.

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The backlash isn’t limited to AI. The luster and hype surrounding all of the tech business within the Nineteen Nineties and 2000s, again when Gen Xers and millennials flocked to Silicon Valley, have fizzled, changed through mass layoffs and a litany of social harms. 

It’s no longer most effective that Gen Z has lost faith in Big Tech. Within the face of galloping financial inequality and democratic backsliding, many now view tech titans as greed-fueled latter-day barons of capitalism.

Gen Z has realized that what determines the way forward for technological inventions isn’t their inherent features however the alternatives of the non-public organizations that deploy them. Scholars concern that AI will strengthen the data-driven manipulation of customers and flood the media surroundings with artificial clickbait. 

Those younger persons are already seeing what era is doing to their lives and training and don’t like the consequences. At my own institution, scholars have shaped a Luddite Membership to withstand the siren track of social media, and they’re not alone. 

In our short-attention-span technology, it isn’t simple to hark again to the heady days of the early internet, once we have been confident everybody would get pleasure from get entry to to the collected wisdom of the sector and turn into lively individuals in well-informed self-governance. The futurist George Gilder predicted within the Nineteen Nineties, for instance, that the private pc would turn into “a formidable power for democracy, individuality, group and top tradition.” 

These days’s era used to be no longer round for any of that, and now they’re up towards the truth the tech business in truth delivered — no longer the delusion it offered. They’re confronting the truth that what issues is not only the era, however the social family members through which it’s embedded.

As a substitute of cultural uplift and the advent of an educated citizenry, younger other folks see billionaires making the most of pumping essentially the most sensational and polarizing viral content material into our information feeds. 

As a substitute of prosperity, they see the actual wages of operating American citizens in decline and a rustic through which the richest one p.c keep watch over extra wealth than ever sooner than. They see Amazon founder Jeff Bezos sending his fiancée and a pop big name into the stratosphere whilst Amazon staff pee in bottles and collect food stamps. 

As a substitute of a colourful information-enhanced multicultural democracy, they see a rustic sliding into authoritarianism and corruption at an unheard of scale whilst platforms rent groups of psychologists to assist addict young people to on-line mind rot. 

Comparable: What it’s like to enter the job market in the middle of an AI revolution

Within the face of those tendencies, the tech oligopolists stay in one thing of a time warp. They appear within the reflect and fail to spot the cartoon of maximum, unaccountable wealth they have got turn into; they pressure as an alternative to recapture the picture of themselves as hip younger founders in hoodies parading thru plush Silicon Valley campuses whilst selling “don’t-be-evil” glad capitalism. 

The ever present mission capitalist Marc Andreessen encapsulates this midlife disaster. A one-time founding father of the internet browser Netscape, he recently bemoaned the dying of the “deal” wherein tech moguls have been respected through the media, awarded honorary levels “from the entire universities” and invited to “the entire nice events.”

If tech billionaires are too cocooned of their fabulous wealth to soak up the teachings of historical past, this 12 months’s crop of faculty scholars isn’t. They see a larger image: a global with robust AI equipment within the palms of a couple of firms dedicated to the usage of our personal records to keep watch over and manipulate us. 

They see a gift through which firms with unheard of surveillance energy are prostrating themselves sooner than an increasingly more authoritarian management bent on concentrated on its perceived political foes. 

All over his graduation cope with on the College of Arizona, former Google CEO Eric Schmidt replied to the AI skepticism of graduating seniors through urging them to play a task in shaping the way forward for AI. He used to be reputedly making an attempt to restore the promise of an previous virtual age. Schmidt, 71, is sufficiently old to bear in mind when the ones claims held forex, whilst lately’s scholars aren’t. 

They have got temporarily realized what previous generations were gradual to confess: When billionaires pledge to empower the sector, they most often most effective imply themselves. 

Mark Andrejevic is a professor of media research at Pomona School. 

Touch the opinion editor at opinion@hechingerreport.org.

This tale about why college students hate AI used to be produced through The Hechinger Report, a nonprofit, impartial information group thinking about inequality and innovation in training. Join Hechinger’s weekly newsletter.

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Tags: capitalistsCollegedayselitesGoodguyOpinionStudentsTechturn
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