Looking Ahead | Polanyi on Polanyi

The video discusses three major global issues: the collapse of ecological infrastructure, the threat of nuclear weapons, and the impact of the information technology revolution. It highlights the lack of effective government action on environmental issues, the proliferation of nuclear weapons amidst geopolitical instability, and the shift in power dynamics due to tech companies and information technology, which has weakened traditional labor movements.

What is a major challenge faced by democracies in addressing environmental issues?

• Insufficient scientific research

• Lack of public awareness

• Economic interests taking precedence

• Overpopulation

Which two countries have the largest nuclear arsenals?

• China and India

• North Korea and Iran

• United States and Russia

• France and United Kingdom

What is a significant difference between the information technology revolution and previous industrial revolutions?

• Development of chemical products

• Focus on mechanical inventions

• Introduction of mass production

• Creation of new power structures by tech companies

Which company is mentioned as leading the way in creating new structures of power?

• Facebook

• Apple

• Google

• Amazon

What has contributed to the decline of traditional labor movements?

• Technological transformation and outsourcing

• Increased government regulations

• Rising education levels

• Global economic downturns

What is the principal asset of tech companies in the context of surveillance capitalism?

• Product diversity

• User information

• Financial capital

• Physical infrastructure

What potential power do tech giants hold over society?

• Ability to influence political elections

• Monopoly over natural resources

• Capacity to shut down cities

• Control over global trade routes