Episode 7 - The Digital Revolution and the State
Author: Bill Janeway | Source: INET
The digital revolution was pioneered by the mission-driven State and has evolved considerably since. Janeway considers the impact of the digital revolution, and how it might have led to the puzzle of a productivity growth slowdown. This includes large increases in industrial concentration, rising inequality, the overall decline in business dynamism, increased globalization and financialization, and its attendant fragility, and political polarization. The digital revolution, enabled by the State and speculation, has fed back to transform the market economy and the State's ability to offset the consequences of its own disruptions.