Digital Depression

Digital Depression

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The financial crisis of 2007-08 shook the idea that advanced information and communications technologies (ICTs) as solely a source of economic rejuvenation and uplift, instead introducing the world to the once-unthinkable idea of a technological revolution wrapped inside an economic collapse. In Digital Depression , Dan Schiller delves into the ways networked systems and ICTs have transformed global capitalism during the so-called Great Recession. He focuses on capitalism's crisis tendencies to confront the contradictory matrix of a technological revolution and economic stagnation making up the current political economy and demonstrates digital technology's central role in the global political economy. As he shows, the forces at the core of capitalism--exploitation, commodification, and inequality--are ongoing and accelerating within the networked political economy.Microsoft augmented its Xbox 360.162 Nintendo responded with a 3-D model, but this proved insufficient to halt declining console ... around twenty-two million to ninety-three million between 2007 and 2010, and continued to increase.168 One survey of users of Sonya#39;s ... for an additional 10 percent.169 After Microsofta#39;s Kinect controller sold eight million units in its first sixty days after release (price: $150), anbsp;...

Title:Digital Depression
Author:Dan Schiller
Publisher:University of Illinois Press - 2014-11-12


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