Net Loss: Internet Prophets, Private Profits, and the Costs to Community

Synopsis

How has the Internet been changing our lives, and how did these changes come about? Nathan Newman seeks the answers to these questions by studying the emergence of the Internet economy in Silicon Valley and the transformation of power relations it has brought about in our new information age. Net Loss is his effort to understand why technological innovation and growth have been accompanied by increasing economic inequality and a sense of political powerlessness among large sectors of the population. Newman first tells the story of the federal government’s crucial role in the early development of the Internet, with the promotion of open computer standards and collaborative business practices that became the driving force of the Silicon Valley model. He then examines the complex dynamic of the process whereby regional economies have been changing as business alliances built around industries like the Internet replace the broader public investments that fueled regional growth in the past. A radical restructuring of once regionally focused industries like banking, electric utilities, and telephone companies is under way, with changes in federal regulation helping to undermine regional planning and the power of local community actors. The rise of global Internet commerce itself contributes to weakening the tax base of local governments, even as these governments increasingly use networked technology to market themselves and their citizens to global business, usually at the expense of all but their most elite residents. More optimistically, Newman sees an emerging countertrend of global use of the Internet by grassroots organizations, such as those in the antiglobalization movements, that may help to transcend this local powerlessness.

Copyright:

2002

Book Details

Book Quality:

Publisher Quality

ISBN-13:

9780271076867

Related ISBNs:

9780271022048

Publisher:

Penn State University Press

Date of Addition:

04/29/22

Copyrighted By:

The Pennsylvania State University

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

History, Nonfiction, Computers and Internet, Business and Finance, Technology, Social Studies

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.