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AndoYFirstPaper 4 - 01 Dec 2009 - Main.AndoY
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Capitalism, Internet Bubble and Beyond
| | | Andy, I hope you don't mind that I created this comment box so i can leave a comment. I think your first point on finding a job that would allow you to use the internet is interesting. Back home, we were allowed to have email access (to email clients) but if we wanted to access the internet to do research, we had to line-up for the computer in the library. I think your point about the internet evolving to benefit all people is important. But in some sectors, use of the internet is still viewed with suspicion (and just a tool to play with like in my job). Also, this paper follows the development of finance and securities markets together with the internet which is interesting to read.
-- AllanOng - 30 Nov 2009 | |
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Allan, thank you so much for your comments. I have been really curious why bubbles in various economies happen. Professor Moglen recently gave us opportunities to think about why the financial meltdown happened in 2008. I see similar patterns between 2001 Internet bubble burst and 2008 credit bubble collapse. Telecom Act of 1996 and relaxation of glass-steagall act (gramm-leach-bliley act) shares some characteristic in a way that US governemnt opened up a pandora's box. Also, Professor Moglen analysed that universal banking system, a one-stop shop for many of the financial services such as retail bank, credit card, insurance, and security brokerage, is just an illusion in the contemporary world where consumers have easier access to various financial information via the Internet. It is a challenge to interconnect the phonomena in Internet and Finance, however, they seem to be really linked in the world we live in.
-- AndoY - 01 Dec 2009 | | | |
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| Revision 4 | r4 - 01 Dec 2009 - 05:19:25 - AndoY |
| Revision 3 | r3 - 30 Nov 2009 - 18:21:23 - AllanOng |
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