And while the companies present at the White House represent the most visible operators of data centers, they aren’t the entirety of the industry. Some initiatives mentioned in the pledge—like building onsite power generation—are massively expensive; smaller data center operators wouldn’t be able to make similar promises. And even large data center construction projects are often handled by a smaller contractor who is responsible for building and sourcing power.
Stiglitz has spent his career watching capitalism fail the people it was supposed to serve. He’s studied financial crises, globalization’s broken promises, and the slow hollowing out of the American middle-class. Now, at 83, he is watching the next chapter unfold in real time—and he is not optimistic.
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