Economist Robert Reich issued a stark warning on Palantir Technologies Inc. (NASDAQ:PLTR), calling the Silicon Valley giant a growing threat to civil liberties as it continues to expand within the federal government.

The ‘Most Dangerous Corporation’ In America

On Tuesday, Reich, who served as the Secretary of Labor under President Bill Clinton, called Palantir “the most dangerous corporation in America,” warning that its tools could enable unprecedented levels of surveillance “that may put your most basic freedoms at risk,” on his YouTube channel.

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He tied the company’s name, borrowed from the Lord of the Rings trilogy, to its real-world function, saying that in the books, a Palantir is a “seeing stone” that can be used to spy on people and distort the truth.

He argued this parallel was deliberate, since the company “bears a striking similarity” selling “AI-based data platforms” to governments, militaries and law enforcement agencies capable of analyzing “massive amounts of your personal data.”

Risks of Political Targeting

Reich warned that “billions of your tax dollars are going to Palantir” and said its work could eventually be used against the same taxpayers.

Quoting investor Paul ...