Technology has changed the world, and the way we live. It is an important part of civilization and culture. But its power can also create social, political, and legal problems.
Many people fear that technology companies have too much power. They control platforms, audiences, and access to information. Some technology companies are unwilling to rein in their creations.
These companies may be able to replace governments in making decisions. However, it is often hard to assess whether these companies violate antitrust laws.
Technologists are often ill-equipped to respond to social issues. And governments have few incentives to address them. This makes technology a complex social enterprise.
Technology has shaped the history of civilization, and it remains a key force in the development of advanced economies. It has also contributed to the population explosion.
Several countries are still rethinking their rules for international technology exchange. For example, many governments have only recently begun to regulate computer technologies.
In addition to influencing society, technology drives invention. New technologies require large investments of time, money, and resources to design, build, test, and market. Depending on the technology, there are often negative and positive side effects. Trade-offs between the two are often necessary for the benefit of the overall system.
Technological waves often have sweeping impacts on medicine, industry, and culture. Although it is impossible to predict exactly how they will affect the world, it is possible to estimate the potential benefits and risks.