Tech elites and the silent revolution of power

A profound, though subtle, transfer of power is underway, moving away from established political and institutional structures towards the controllers of technological innovation. Klaus Schwab, founder of the World Economic Forum, argues that this is not merely a phase of technological development but a fundamental reordering of influence.

This new technological elite, whose doctrine is rarely articulated openly, operates on the principle that innovation dictates the future. Figures like Peter Thiel have expressed this view, asserting that control over innovation equates to control over the future. This logic suggests that the slow, often contradictory, processes of democracy are seen as impediments to progress.

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We are no longer witnessing a normal phase of technological development. We are witnessing a transfer of power – subtle, but profound. Away from politics and institutions, towards those who control innovation.

The implication is a growing tension between democratic governance and the rapid advancement driven by technological elites. Their influence is becoming a defining force in the contemporary era, raising questions about legitimacy and the future of societal order in the face of concentrated technological power.

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The world is guided by innovation. Those who control innovation control the future. And those who control the future cannot afford to be slowed down by the heavy and contradictory processes of democracy.