Digital Depression: Information Technology and Economic Crisis
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The
financial crisis of 2007-08 shook the idea that advanced information
and communications technologies (ICTs) as solely a source of economic
rejuvenation and uplift, instead introducing the world to the
once-unthinkable idea of a technological revolution wrapped inside an
economic collapse. In Digital Depression, Dan Schiller delves into the
ways networked systems and ICTs have transformed global capitalism
during the so-called Great Recession. He focuses on capitalism's crisis
tendencies to confront the contradictory matrix of a technological
revolution and economic stagnation making up the current political
economy and demonstrates digital technology's central role in the global
political economy. As he shows, the forces at the core of
capitalism--exploitation, commodification, and inequality--are ongoing
and accelerating within the networked political economy.
