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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Technology and the Urge to Solve All Problems

The urge to create a perfect world has been there throughout the ages. However, whereas earlier attempts at doing so were guided by people with hands on effort and intimate contact with the on the ground realities, the present move towards using technology is often misplaced as it focuses on using tools like social media without actually getting down to the nuts and bolts of on the ground action.

In other words, the problems being faced by the world need concerted action that is bottom up and which involves action from those working directly with the victims instead of top down approaches using social media that are out of tune with the ground realities. Of course, this does not mean to say that technology cannot solve any problem, as there are many examples of using technology as a means of spreading awareness and knowledge.

The point here is that technology requires human action in concert with each other and not necessarily one without the other.

Limitations of the Internet

The other aspect of trying to solve all problems using technology is that the internet can do only that much and not more. This means that while the internet is good for bringing together people and as can be seen in the positive impact that it had on building better lives for many, it is indeed an agent of change. However, the urge to fix everything using the internet alone must be resisted solely because it has its limitations in that geographical considerations and the need to have on the ground presence are factors that the internet cannot solve. Further, there is the added aspect of the digital divide, which means that the majority of the citizens in the world do not have access to the internet, and hence, the limits to what technology can accomplish are made plainly evident here.

The Urge to Perfectionism

The third aspect is that the proponents of the lets fix everything using technology aspire for a utopian situation that resembles absolute perfectionism. What these well meaning advocates forget is that complexity and ambiguity as well as opacity and imperfection are built into the world and hence, aspiring to social good must take into account all these factors.

In other words, the human condition can be improved only through sustained and concerted effort that takes time and not the kind of instant solution based model that is proposed. Apart from this, the fact that technology is value neutral means that it can be used for good as well as for bad. Hence, the temptation to advance technological solutions for all problems might backfire because of the same technology falling into the wrong hands to create havoc.

Final Thoughts

Finally, we must make it clear that this article is not a pessimistic one which dismisses technology altogether. Just that we would like to make it clear that striving to use technology to solve all problems must be based on realistic assumptions and as the subsequent articles detail, the internet can indeed be used to deliver infinite progress provided some of the conditions discussed here are met.

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