Modern politics does not favor technology by accident, nor primarily because of lobbying power or ideological alignment. The preferential treatment of technology firms reflects a deeper structural  compatibility between contemporary governance  and a specific form of capital: intangible, scalable, mobile, and politically legible. The consequences of this alignment are not limited to innovation outcomes or market concentration . They extend directly to the distribution of inco

Once a symbol of unrelenting ascent, China’s model of social mobility is now showing cracks. For millions of young people, especially...