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Joel Kotkin · 12 Oct 2026

Read the piece on jkotkin.substack.com ↗

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Joel Kotkin did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    Elite tech companies are far more powerful than Trump or any state apart from China.

    Their wordsThese elite tech companies are far more powerful than Trump or any state apart from China.

  2. Our reading

    The current era is characterized by a shift in geopolitical influence from governments to a few elite tech firms.

    Their wordsOur era is marked by a shift in geopolitical influence from governments towards a handful of elite tech firms which, as National Affairs notes, constitute 'new superpowers' on the global stage.

  3. Our reading

    When the AI stock bubble bursts, established big players are most likely to remain at the top due to guaranteed income streams.

    Their wordsWhen the stock bubble inevitably bursts, the established big players, with their already guaranteed income streams, are most likely to stay at the top.

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