Finance Capitalism and the Digital Economy (tags)
The financialization of the economy and the rise of the commercial Internet are directly connected... At the beginning of the digital economy, as Marianna Mazzucato and others showed, was an investing state that took over the installment financing for digitalization.
The power of ideology is so great it easily creates a distorted perception of facts. Where money is spent is crucial, not the size of the public sector. The Internet, the touch screen, semi-conductors and the GPS were developed with state risk capital. Tax havens cause revenue shortfalls.