Wednesday, May 11, 2011

The Internet’s Unholy Marriage to Capitalism

The Internet’s Unholy Marriage to Capitalism
John Bellamy Foster and Robert W. McChesney
2011, Volume 62, Issue 10 (March)
Monthly Review

The Internet, or more broadly, the digital revolution is truly changing the world at multiple levels. But it has also failed to deliver on much of the promise that was once seen as implicit in its technology. If the Internet was expected to provide more competitive markets and accountable businesses, open government, an end to corruption, and decreasing inequality—or, to put it baldly, increased human happiness—it has been a disappointment. To put it another way, if the Internet actually improved the world over the past twenty years as much as its champions once predicted, we dread to think where the world would be if it had never existed.

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