Everyone knows we are at the mercy of huge corporations in multitude of ways. Just look at Big Oil. We are wildly dependent on them as not only individuals, but as a nation and a world. Though Exxon stands atop the global economic podium, the technology sector isn’t far behind. Apple made nearly as much in profits in 2012’s fourth quarter as Exxon (a ridiculous $8.2 billion). Let’s bring that number down to Earth a bit. Americans are spending an average of $444 per household per year on Apple products alone. For further evidence, just look around your living room, or better yet, consider the origin of the screen you’re currently staring at. Chances are, one swollen oligopoly or another made all the pieces of technology you’ve surveyed in the last few seconds.
However, chinks in the armor of these untouchable behemoths are beginning to take shape, leading some, like MIT’s Neil Gershenfeld to question the sustainability of today’s techno giants.… Read the rest