Jeffrey Hart's Reviews > The Wealth of Networks: How Social Production Transforms Markets and Freedom

The Wealth of Networks by Yochai Benkler
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Sep 29, 2016

it was amazing
bookshelves: non-fiction
Read from June 09 to September 15, 2016

This book is required reading for all who want to understand the broader implications of the Internet. Benkler argues that the Internet and related technologies “have increased the role of nonmarket and nonproprietary production, both by individuals alone and by cooperative efforts…” [p. 2] Many of the laws, institutions, rules, and procedures developed to govern societies during the industrial era may need to be revised to reflect the growing importance of nonmarket and nonproprietary production, so that the true potential of the information economy can be realized. For example, current intellectual property laws such as the Digital Millennium Copyright Act (DMCA) are not properly aligned with the realities of the information economy because they give too much power to corporate rights holders and do not leave enough room for creative sharing activities. Many specific examples of nonmarket and nonproprietary production are cited in support of this argument. Journalism, cultural production, and educational systems are particularly important, not just for the economy but also for underpinning our democratic institutions.
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