CapitalistResistanceToNetocracy (ThoughtStorms)

Consider this story :

On the surface, it's simple. After getting burnt by the dotcom bubble, business is retracting and turning against "innovation".

There might be another way of understanding this. Traditional corporations (capitalist institutions) having realized that they have no strategy to sieze control of the net and use it to their advantage; are now fighting back against NetoCracy. If the net is a threat rather than opportunity to them, they have every reason to try to destroy it.

The main counter-attack is to starve the emerging network of support. Having put lots of money and attention into the net, corporations will announce that this was wasted. And start to deny money or attention to it. This is coupled with the legal attacks by more directly threatened corporations, such as copyright holders.

We can expect no return by corporations to support for the net, unless NetoCracy succesfully tempts it by offering the illusional strategy of siezing control.

Netocracy will keep trying to tempt capitalist institutions to their own destruction ...

See also :

Capitalist or Corporate?

Perhaps this should be framed as CorporateResistanceToNetocracy. (Few corporate manager/owners are Capitalists, they tend more to Mercantilism. BillSeitz:MercantilIst)


Good point. I suppose there are two kinds of conflicts :

What's fascinating is we are seeing both going on the same time. Makes for a very complex picture. But very "interesting times."

-- PhilJones

See also :

CategoryNetworkSociety, CategoryEconomics