A very good polemic, this. I saw the writer at a book festival and he is very convincing. He explains how the internet, and the harvesting of data it facilitates, is making a very small number of people very, very rich indeed – beyond the dreams of Croesus. And a much, much larger number of people insecure in their jobs and working at relatively menial tasks.

He is very good at picking apart the absurd hype of the so-called cult of failure, where these plutocrats celebrate the fact that they set up a company that failed and then go on to evangelise about the wisdom it gave them. In fact, they are no wiser than anyone else – the internet economy is not some mystery only accessible to the initiated. It is what it looks like – a gigantic concentration of wealth in a very few hands.

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