A critique of economy information in the age of digital media

Abstract

With the new information technologies as its focus, this article offers a
brief critical interpretation of how the economy, technology, communication and
society have been upturned in the early years of the twenty-first century. It argues
that two intersecting dynamics define the new reality: permanent technological
innovation in the ways communication and information are generated and
distributed; and economic trends directed towards transforming significant
aspects of knowledge, culture and communication, reduced to their digital forms,
into products aimed at a global, competitive market which is full of new growth
potential. The process which is increasingly called the “informationalization” of
society accentuates the commodification of those areas, henceforth populated by
concepts such as creativity, innovation and competitiveness.