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21 - The World in the Twenty-First Century

from Part III - The Period after the 1970s

Published online by Cambridge University Press:  07 December 2023

Vito Tanzi
Affiliation:
International Institute of Public Finance (IIPF), Germany
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Summary

In recent decades enterprises that used new digital technology to sell information increased in importance. Some of these enterprises became among the most profitable enterprises in the world. Possession of information replaced to a large extent the possession of tangible commodities and capital to determine the market value of an enterprise. A new elite group of rich individuals was created. To a large extent that elite group acquired much influence, on both the economy and the politics of countries, because they could influence politicians and citizens. They could influence the work of regulators. Therefore, the main goal may have changed, from the need to control the state, as in the past, to that of controlling the market operations.

Type
Chapter
Information
Monitoring the State or the Market
From Laissez Faire to Market Fundamentalism
, pp. 159 - 172
Publisher: Cambridge University Press
Print publication year: 2023

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  • The World in the Twenty-First Century
  • Vito Tanzi, International Institute of Public Finance (IIPF), Germany
  • Book: Monitoring the State or the Market
  • Online publication: 07 December 2023
  • Chapter DOI: https://doi.org/10.1017/9781009434430.025
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  • The World in the Twenty-First Century
  • Vito Tanzi, International Institute of Public Finance (IIPF), Germany
  • Book: Monitoring the State or the Market
  • Online publication: 07 December 2023
  • Chapter DOI: https://doi.org/10.1017/9781009434430.025
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The World in the Twenty-First Century
  • Vito Tanzi, International Institute of Public Finance (IIPF), Germany
  • Book: Monitoring the State or the Market
  • Online publication: 07 December 2023
  • Chapter DOI: https://doi.org/10.1017/9781009434430.025
Available formats
×