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Wednesday, May 20, 2009

Editorial for INNOGRIPS Newsletter no 7:

at: http://grips.proinno-europe.eu/newsletter/
This is the full original text, it had to be edited down considerably!

The slogan “crises are opportunities” may be of ancient Chinese origin, but it is strikingly relevant today. The economic crisis has certainly caused havoc in the lives of millions, and thrown innovation policies in many countries into disarray along with other government spending programmes. But as we saw in the last issue of this newsletter, the new US administration is investing substantially in science, R&D, information infrastructures, and a host of other measures designed to catch the next waves of innovation. The economic crisis might have been expected to tie the hands of the new president, but in many ways it seems to have empowered him to undertake more radical measures than would otherwise be the case. There are risks in public borrowing, in bailing out banks and other financial institutions whose leaders have behaved – and in some cases appear to delight in continuing to behave – in ways that are politely described as questionable, in striking out in new directions in geopolitics just at the same time as others are sticking in their heels. But the bankruptcy not just of a horde of companies, but of the systems of ethics and jurisprudence by which they were supposedly regulated, and the political worldviews on which they were founded, have made it possible to think the unthinkable.

The economic crisis is an opportunity to think again about how we are handling what is in all likelihood a slowly unfolding problem of far greater magnitude – the crisis of climate change. This is itself just one part of a multifold environmental crisis, where even without global warming the issue of some resources being exploited beyond the limits of sustainability would be ringing alarm bells. If projections of temperature rises are even partly accurate – and currently climate scientists are warning that some phenomena seem to be evolving more rapidly than feared – then we are looking at threats to the biosphere and to human habitats and economies that could last for centuries. Dislocation and conflict are inevitable consequences of even the more optimistic scenarios in which too little is done, too late. Just as “everyone knew” that there was something unsustainable about ever-inflating house prices, subprime mortgages and toxic assets, so “everybody knows” that current growth trajectories are environmentally unsustainable. The problem lies in converting this knowledge into action, and – since no one country can head off the growth in carbon emissions by itself - this means into collective action. The recent G20 summit may have been startlingly vague where it came to explicating its green rhetoric, as compared to its more conventional measures for recovery, but at least it shows that with a degree of creative leadership it is possible to pull together the major policy players in the world economy – which means the governments of the countries responsible for the lion’s share of global CO2 emissions.

What is needed now is serious effort to “green” the economic recovery, and this issue of the newsletter explores some of the efforts being undertaken here. What these brief appraisals reveal is the need to bring analysis of innovation far more centrally into the equation. Mainstream economics has habitually found it difficult to deal with innovation issues – this is why schools of evolutionary and neoSchumpeterian economics have arisen – and so it is not surprising that policymaking by economic and financial experts has largely neglected them. We will need to confront the prospects for more radical technological change if the way out of economic crisis is to be an opportunity to confront, rather than deepen, the environmental crisis. Innovation policy cannot be sidelined while we wait for the recovery – it has to be integrated with efforts to colour the recovery green.

And what sorts of opportunity are presented by the environmental crisis, then? The threats are so substantial that pious hopes are not enough. Policymakers will have to take bold steps, or risk being overwhelmed by the discontents of their electorates. Bold policymakers will make common cause with those citizens pressing for environmental criteria to become routine rather than one-off, for full-on confrontation of the problems of global poverty and inequity, and for rethinking the bases on which we measure social and economic progress and incentivise socially and environmentally sustainable practices. With mounting evidence from social research that a civilisation based on ever-increasing material consumption is a civilisation of discontent and diminishing returns in terms of happiness, it is an opportunity to rethink priorities of all sorts. Capturing this in terms of innovation and innovation policy is by no means an easy affair – “alternative technology” movements have foundered, and “ethical consumption” remains marginal in all but a few areas. Social innovation will be needed, to enable people to realise self-worth without unsustainable consumption, and to enable firms to pursue innovation – and marketing – that reinforces this. We are not used to thinking of social innovation policy, but more conventional innovation policymaking will need to be aware of the ways in which social and technological innovations can be mutually supportive in favour of a greener agenda. The combination of economic and environmental crises provides a strong signal about this, to those willing to listen. Hopefully, it will not be long before “everybody knows” this, too.


Friday, May 15, 2009


Interested in the future of the the web? See our free public foresight report: the Metaverse Roadmap (MVR): Pathways to the 3D Web. The MVR is an extensive 10-year technology forecast and 20-year visioning survey of virtual and 3D Web technologies, markets, and applications. Made possible by generous start-up support from The Electric Sheep Company. See Interviews at Imagining the Internet, and visit the MVR Website for the full, free report.

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Friday, May 01, 2009

tulipoomania, dot com and beyond 

debalie: cultureel politiek debat centrum In Memoriam: The New Economy :
In Memoriam: The New Economy



This web dossier brings together a collection of essays gathered in the frame of the Tulipomania DotCom conference, which was organised by De Balie at the initiative of media theorist Geert Lovink, on June 2nd and 3rd in De Balie in Amsterdam, and on June 4th 2000 at the Frankfurter Kunstverein. The texts were put together in a post-conference reader in the Summer of 2000. They are complemented here with more recent materials on the subject. The historical significance of the events surrounding the new economy and dotcom hype and their disastrous failure is hard to miss today.


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Introduction to the Tulipomania DotCom Reader & Conceptual Background
The original introduction text to the Tulipomania DotCom Reader and the text on the conceptual background of the conference.

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The New Economy - Premises and Pitfalls
Essay by Douglas Henwood

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Mental Labor in the New Economy
Andrew Ross analyses the artisan new economy flex worker - by now a species extinct....

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How the Internet Ruined San Francisco
In this essay Paulina Borsook describes how the internet-hype of the late nineties destroyed the unique cultural and social infrastructure of San Francisco, prerequisite to its 'succes'. A similar story could easily have been written about Amsterdam...

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No-Collar: The Humane Workplace and Its Hidden Costs
Interview with Andrew Ross, introducing his book on new economy workfloor conditions (Dec. 2002)

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Cyberculture in the Age of Dotcom.mania
A Vista over Internet Strategies - Essay by Geert Lovink in which he question the position of new media culture after the dotcom implosion.

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Cyberselfishness Explained
Interview with Paulina Borsook by Geert Lovink

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The Battle of the Three Letter Acronyms
Essay based on talk delivered at the Tulipomania DotCom conference by Jesse Hirsh.

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The Ideology of Immateriality
Text of the talk given by Felix Stalder.

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Het Internet, de Muziek, en de Regels (deel 1)
Essay by economist Wilfred Dolfsma on the economics of copyright law and the music industry in the digital domain, commisioned by De Balie and the Dutch Ministry of Economic Affairs. (Dutch text)

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The New Culture? The New Economy!
Essay by Max Bruinsma & Chris Keulemans (2000) in response to the Tulipomania DotCom conference, orignally published in the Dutch weekly De Groene Amsterdammer.

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BLUEPRINT FOR TOYWAR II
From Net Criticism to a Politics of Code - Theses on Network Economics and Network Politics.
Essay by Reinhold Grether

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Did you really think you were worth $300 Million?
If you're so smart, how come you're not rich (any more)?
Short essay by Dave Mandl.

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Was the Dot-Com Gold Rush Worth it?
By columnist and investment trend-watcher Christopher Byron.

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From New Economy to War Economy
The Financial Fallout - an assesment by time reporters Peter G. Goseelin and Jube Shiver Jr. less than two weeks after the 9/11 attacks.

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The Dot-Com Economy:
An Economy with no mediation?
by Korinna Patelis

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A Concise History of the New Economy
Stories on the Dotcom Crazes and Crashes, Winter/Spring 2000.

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Toward a New Political Economy:
Classically Marxist' analysis by researcher and Multitudes editor Pascal Jollivet.

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Smash the Surface / Break Open the Box / Disrupt the Code
The essay explores the connection between real-time mediation, economy, power and artist / activist responses. By Eric Kluitenberg.

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Fear in the Markets
Essay by Donald MacKenzie, analyses investment strategies of the investment partnership Long-Term Capital Management, that abruptly filed bankruptcy in September 1998.

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