I got there late, but in time to hear the end of Tim Wu’s opening key note. His comments about the failure to build a peer-to-peer internet stimulated an interest. His book, “The Master Switch: The Rise and Fall of Information Empires” examines the evolution of information networks from radio through TV and Cable to the Internet, so I have ordered it. It’ll be interesting to compare, contrast and possibly integrate his ideas with those of Benkler and Perez. While researching for the article that eventually became Municipal WiFi, now over 1½ years old, I was interested in the funding and technology problems faced by public sector organisations. Some hackers have considered making wireless access gateways peer-to-peer, particularly in France while the Hadoopi laws were being debated and passed, but we are still running an internet of hubs and spokes, in the words of the Register, modeled on the command and control systems used in the Soviet Union. …
The end of economic growth
Earlier this month, the Guardian in its Economics’ Blog, published an article called “Are the UK growth pessimists right?” The article itself is unclear, partly because it wants to make the point that Social Democrats need growth to painlessly share the wealth more equitably and fund their social investment programs. The article argues that UK economic indicators are beginning to look up, that doomsayers have always been wrong before and that technological innovations have always revitalised capitalism. …
Influences on my economics
There are three books which have changed my thinking about economics over the last few years. I originally questioned whether these books are revolutionary but they have added to my thinking in very basic ways. These books all look to address the economics of information, or the wealth unleashed by I.T. and the internet. My thinking about this started in the early 1990’s, Dan Remenyi at Henley Management School introduced me to the ideas that Information was the 4th Factor of Production, that Industrial Age economics was insufficient as it was unable to explain why companies that invested in negative or zero profit IT projects, as measured by ROI, outperformed those that didn’t, and that an industrial age balance sheet was incapable of evaluating an information system asset.
The three books all relate to the evolution of society and its economics, the empowering of knowledge workers and their relationships with Capital, and hence capitalists. …
Some insights into managing the cloud
Dave Cliff, Professor of Computer Sci at Bristol spoke to Waters Power:09 in Canary Wharf yesterday. It is clear from many sources that IT is changing and he examined some of these changes. He woke me up by quoting Carlota Perez who argues that there are five transformational changes since the industrial revolution, Steam, Railways, Electricity, internal combustion and IT. She also argues that the adoption and maturity cycles are similar, and Cliff argues that “money’s out of IT now”. Her book is called “Technological Revolutions and Finance Capital:The Dynamics of Bubbles and Golden Ages”, which gives on an idea of where she’s coming from. Cliff also pointed his audience at Nick Carr’s “The Big Switch”, another pundit that argues that IT is done! …