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- DescriptionHow 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 ecomy in Silicon Valley and the transformation of power relations it has brought about in the new information age. Net Loss is his effort to understand why techlogical invation and growth have been accompanied by increasing ecomic inequality and a sense of political powerlessness among large sectors of the population. Newman first tells the story of the US 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 ecomies have been changing as business alliances built around industries like the internet replace the broader public investments that fuelled regional growth in the past. A radical restructuring of once regionally cofused 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 techlogy 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 anti-globalization movements, that may help to transcend this local powerlessness.
- Author BiographyNathan Newman is currently a union lawyer in New York City and has been a frequent writer on technology issues in such publications as MIT's Technology Review, Progressive Populist, and The American Prospect. A political activist and former union organizer, he was also the project director at NetAction, a consumer technology advocacy group.
- Author(s)Nathan Newman
- PublisherPennsylvania State University Press
- Date of Publication06/08/2002
- SubjectComputing: General
- Place of PublicationPennsylvania
- Country of PublicationUnited States
- ImprintPennsylvania State University Press
- Weight599 g
- Width152 mm
- Height229 mm
- Spine27 mm
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