Handelsblatt – The Silicon Valley Skeptic

The prize-winning American media theorist, in an interview with Handelsblatt, questions the basic assumptions of the Silicon Valley-driven digital economy, which he warns is more concerned about concentrating wealth than improving the world for humanity   read more »

Seeking Alpha – Why Growth As We Know It Is More Illusion Than Reality

One of the over-arching problems that we see afflicting this “non-recovery” is that in spite of the fact that the financial industry (capital) was responsible for the near-destruction of American capitalism, it is now once again in complete control of the economy. The financial industry is NOT about creating value; it is all about extracting […]   read more »

Medium – How Growth Became the Enemy of Prosperity and How To Fix It

In his new book, Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity, noted media theorist and author Douglas Rushkofftakes on the failure of the digital economy to make things better for more people. At the core of Rushkoff’s critique is what he calls the “obsolete economic operating system that emphasizes growth” and the abandonment of core values that occur once companies go public and succumb to short-term thinking.   read more »

DLD Conference 2016 – ‘Throwing Rocks’ Interview

Throwing Rocks at the Google Bus is the newest book of Douglas Rushkoff and it relates why the digital economy has gone wrong. Everybody knows it, but no one knows quite how to fix it, or even how to explain the problem. Workers lose to automation, investors lose to algorithms, musicians lose to power law dynamics, drivers lose to Uber, neighborhoods lose to Airbnb, and even tech developers lose their visions to the demands of the startup economy.   read more »

CNN- Facebook Needs More ‘Human’ Bias

Facebook's PR department has been busy defending itself against allegations from an anonymous, disgruntled employee that editors of the company's "trending stories" list were biased against conservative viewpoints. The story -- itself a trending topic today -- may say less about the failings of biased human intervention, however, than the need for more of it.   read more »

FastCo – When The Data Bubble Bursts, Companies Will Have To Actually Sell Things Again

How can a company with no revenues still make money? It’s not a trick question. The answer is at the very foundation of the digital economy: advertising. No matter how dire things get for musicians, writers, movies, websites, smart phone apps, video games, or whole social media platforms, no matter how hard it might be for companies to charge for content, services, or convenience, almost everything we are doing in the digital marketplace can serve as the advertisement for something else. The video game promotes a movie, the movie promotes an app, and the app promotes a video game. Heck, this article indirectly promotes a book.   read more »

Medium – Amazon is Just Walmart on Digital Drugs

In December 2013, a group of protestors in Oakland, California attacked a private Google shuttle bus that was taking Google employees from their Bay Area homes to their offices at Google’s headquarters in Mountain View, 40 miles south. The protestors smashed one of the bus’s windows and blocked the bus from moving forward, holding up a banner that read “FUCK OFF GOOGLE.” The protestors also handed out flyers to the frightened Google employees that read, in part:   read more »

Big Think – Are Google, Uber, and Digital Companies Trapped by Colonial Economics?

Douglas Rushkoff joins the rank of French economist Thomas Piketty in expressing skepticism about free market capitalism in the digital age. Groundbreaking companies like Google, Amazon, and Uber operate using a "scorched Earth" method of value creation, says Rushkoff, which resembles 13th century colonialism. To make money, they extract value from communities rather than create it, much like conquistadors would extract precious metals from South American nations. If that sounds like a hyperbolic statement to you, you are probably not alone.   read more »