We call it a "crisis" when the predictions of our trusted elites are violated in one way or another. We expect, for good reason, things to more or less continue as they are. They've evolved to be this way, haven't they? The older the institution, the more robust to change it must be.
I've gotten comfortable in my short life with the global institutions that appeared to be the apex of societal organization. Under these conditions, I found James Beniger's work to be particularly appealing, as it predicts the growth of information processing apparati (some combination of information worker and information technology) as formerly independent components of society integrate. I'm of the class of people that benefits from this kind of centralization of control, so I was happy to believe that this was an inevitable outcome according to physical law.
I am not sure I've really changed my mind fundamentally. This extreme Beniger view is too much like Nick Bostrom's superintelligence argument in form, and I've already thought hard about why that argument is not good. That reasoning stopped at the point of noting how superintelligence "takeoff" is limited by data collection. But I did not go to the next and probably more important step, which is the problem of aleatoric uncertainty in a world with multiple agents. We're far more likely to get into a situation with multi-polar large intelligences that are themselves fraught with principle-agent problems, because that's actually the status quo.
I've been prodded to revisit The Black Box Society, which I've dealt with inadequately. Its beefier chapters deal with a lot of the specific economic and regulatory recent history of the information economy of the United States, which is a good complement to Beniger and a good resource for the study of competing intelligences within a single economy, though I find this data a but clouded by the polemical writing.
"Economy" is the key word here. Pure, Arendtian politics and technics have not blended easily, but what they've turned into is a self-regulatory system with structure and agency. More than that, the structure is for sale, and so is the agency. What is interesting about the information economy is, and I guess I'm trying to coin a phrase here, is that it is an economy of control. The "good" being produced, sold, and bought, is control.
There's a lot of interesting research about information goods. But I've never heard of a "control good". But this is what we are talking about when we talk about software, data collection, managerial labor, and the conflicts and compromises that it creates.
I have a few intuitions about where this goes, but not as many as I'd like. I think this is because the economy of control is quite messy and hard to reason about.