French Condemn Blockchain Technology Fearing Future Unemployment


French Condemn Blockchain Technology Fearing Future Unemployment

2015 stood as a mainstream coming out party for the innovations and technological advancements provided by Bitcoin’s blockchain technology. Banks, corporations, and governments are becoming fascinated with the unique capabilities this bit of 21st-century tech provide. Faster, safer, and more efficient than what the status quo offers, Fortune 100 companies have lined up to join forces to exploit Bitcoin’s underlying creation to its fullest commercial potential.

This digital progression is not loved by everyone, however. Some French politicians have recently come down against blockchain technology, fearing a future loss of jobs.

A new document called “Digital Revolution” is an eight-page document created as a joint effort of the Front de Gauche and French Communist Party. Inside, it clearly condemns blockchain technology among other new tech advancements, like 3D Printing and Uber, so this is not specifically about blockchain technology. The document is more of a generalized ”Rage Against the Machine” that looks to draw a line in the sand against present technological advancements like blockchain and future innovations. We here at BitConnect translated related portions of the French document into English for those in Western culture to digest.

“In the context of current social and economic relations, revolution digital, with automation linked to big-data, generalizing robotics and connected objects, the blockchain in banking and financial, will cause massive destruction of job skills which will not be compensated by the creation of a number of restricted highly skilled jobs.”

The missive actually has a subheading called “THE END OF THE WORLD.” Lest anyone accuse these political factions of mere fear-mongering for self-serving political gain, they do have a compelling rational they think the French electorate should know.

“Platforms like UberPop, Airbnb, Google, Youtube or Facebook, grabs the digital common good by redistributing best crumbs contributors. These platforms sometimes capture up to 100% of the exchange value without paying anything to those who create wealth. A blank digital platform has no value: the Google search engine algorithm is nothing without the billions of queries its users.” 

France’s left-leaning Front de Gauche was created by the French Communist Party and the Left Party in 20o9. Their political pull seems to be lacking, as their results have not created much of a national stir. Their candidates came in 5th and 6th in 2009 and 2014, respectively. The 2012 Presidential bid of Minister of Education Jean-Luc Mélenchon as their representative garnered almost four million votes, but this was good for only 11 percent of the total votes cast.

One might say that this is a struggling young political party is looking for an angle to get noticed and capture attention. Casting new technologies against jobs like notary publics is not much of an argument, and unlikely to win votes. People tend to like innovations and new technologies. Few among us are pining for the days of using a fax machine or a written letter over sending an email. Those who built fax machines probably never worked again.

This bit of political propaganda is just that. Digital PDFs decrying the scourge of new technologies in the 21st-century digital age. If they sent this missive out on an actual hand-written scroll and handed them out on the streets of Paris, at least, they wouldn’t have a notice able problem with hypocrisy.

Is the Internet good, but Google is bad for being its cataloging steward? Their message says one thing, but the way they delivered their message, using technological advancements they denigrate en masse, proves another point, entirely. If tech advancements are better for the masses, people will use them. Front de Gauche and the Left Front certainly did.