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Digital Technology and Inequality: The Last Promethean Gift?

Author:

Matteo Ronzani

Department of Management, London School of Economics and Political Science, GB
About Matteo
MSc Public Management and Governance (2014/15)
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Abstract

This paper aims to assess the impact of the diffusion of ICTs on resource distribution on a global scale. The exponential improvement trajectories of digital technologies are making devices and computerised means of production cheaper and more efficient. This is drastically reducing the competitive advantage of human labour over machines. This issue has significant implications in terms of resource distribution and inequality; that is because digital technology is creating immense wealth for a small fraction of the population. Since capital now has higher rates of return than economic growth, it is possible to consider digital technology as a force that is aimed at preserving the status quo, through a replication of the existing pattern of resource distribution.

How to Cite: Ronzani, M., 2015. Digital Technology and Inequality: The Last Promethean Gift?. iSCHANNEL, 10(1), pp.29–33.
Published on 01 Oct 2015.
Peer Reviewed

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