ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Homo Sapiens to Homo Digitalis

Understanding the Economy of NEP 2020

Through a systematic call for massive corporate investment in the education sector and a greater emphasis on the online mode, education sector is manoeuvring the revival of the enfeebled capitalist system. To analyse this interrelationship, we require studying the complex network of power and hegemony within a given society.

The ever-increasing cases of cyber swindling, especially during the high days of COVID-19 and beyond, which have been rendering people penniless overnight across the globe, have been constantly reasserting the unfailing efficacy of any digitally manoeuvrable system in effectively turning human individuals into a set of digitised data that can be controlled, and even misused, for unethical gains by anyone with digital expertise, having access to the requisite data set. The episodes reaffirm the often closeted truth that in a massively digitised service society, individuals are perpetually prone to vulnerabilities, the worst of which being the possibility of getting metamorphosed into a whole new species, susceptible to all the evils of the digital market which hinges largely on rapid depletion of face-to-face human interactions and physical meetings. This age of all-sweeping digitalism has thus produced a new species called “homo digitalis,” with a view to creating a flexible and ever-expanding digital market with billions of easily reachable digitised consumers in order to affect exponential growth.

It is probably this exponential growth that Japanese Prime Minister Fumio Kishida must have aimed at while proposing an ambitious economic model that can usher in “a new form of capita­lism” in the World Economic Forum’s virtual event, the Davos Agenda 2022 (Kishida 2022). However, the model he proposed before the world has hardly anything new to add on to the existing pro-capitalist discourses. It reiterates the need for massive investment in green technology, digitisation, and human capital for economic transformation. In fact, many believe that these policies are central to the realisation of the capitalist dream of a successful fourth industrial revolution that may reinvigorate the capitalist system. One has to understand that this dream can never come true ­unless the entire human species is reduced to a large set of digitised data accessible to market and their behavioural patterns change substantially. It is against this reality that the optimistic prediction of Klaus Schwab (2017), the executive chairman of the World Economic Forum, that the future will be “more digital and human centered” sounds a bit too oxymoronic.

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Updated On : 19th Jun, 2023
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