Responsible research and innovation? From FinTech’s ‘flash crash’ at Cermak to digitech’s Willow Campus and Quayside

Philip Cooke

European Planning Studies, 2019, vol. 27, issue 12, 2376-2393

Abstract: Contemporary innovation destroys more value than it creates by three effects. First it mimics already existing basic technologies (phone, camera, directory, games) adding little value but displacing while disrupting existing services. Second, it exploits human rights to security, privacy and truthful reportage without seriously regulated or legislated accountability. Third, social media – the main offender – takes prodigious profits at huge social cost, by facilitating the grooming of terrorists, vulnerable persons and enabling varieties of criminality; it feloniously steals private property, notably human identities for advertising revenue; and it facilitates dissemination of fake news, research and propaganda. To parody Mark Zuckerberg’s injunction to his company’s corporate mission and its achievement of ‘monopoly advantage’ the company was, until recently, officially driven to ‘move fast and break things’ (i.e. the law).

Date: 2019
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DOI: 10.1080/09654313.2018.1556610

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