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from Part III - The Period after the 1970s
Published online by Cambridge University Press: 07 December 2023
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.
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