Throwing Rocks at the Google Bus
How Growth Became the Enemy of Prosperity
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The promise and perils of the digital economy - and how we can use it to create prosperity for all
The digital economy was supposed to create a new age of prosperity for everyone. But as Facebook resells our data for billions and self-driving cars threaten to put drivers out of work, it has so far only exacerbated the gap between winners and losers. Yet the possibility of an economic Renaissance still lingers - if we seize the opportunity now.
In The Growth Trap, Douglas Rushkoff identifies this crucial economic turning point and calls on everyone to remake the economic operating system from the inside out - to redistribute wealth and prosper along the way. With practical steps matched by incisive analysis, The Growth Trap offers a pragmatic, optimistic, and human-centered model for economic progress in the digital age.
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This interesting, thoughtful dissection of the modern digital economy and its shortcomings starts off with a clarion call. Rushkoff, a digital futurist turned critic, believes the speed and scale of digital commerce and corporate expansion since the 1990s is a "growth trap" that could "derail not only the innovative capacity of our industries, but also the sustainability of our entire society." He may be right, and he is cogent and clear about Silicon Valley's accepted trajectory for startups: seek massive amounts of capital and win a monopoly position to dominate the competition. But Rushkoff's critique that the scale of digital economics is propelling modern capitalism into an unsustainable state dwarfs his prescriptive remedies. The book's calls for more peer-oriented companies, "inclusive capitalism," and alternative models such as the mission-driven "benefit corporation," seem inadequate to the challenge of replacing the system described here. Calling for a rejection of the winner-takes-all, zero-sum-game approach is a reasonable response to current economic developments, yet Rushkoff has done this in a way that is interesting without being truly compelling.
