From Satanic Mills to Machine Learning : : Western Technology and Global Markets in the 19th and 20th Centuries / / Francesco della Porta.

In the Biden multipolar era, Western Democracies face a dilemma: Should they keep marching behind the free market band, or should they engage the Asia new powers in a collegial governance of the common goods? This book looks for precedents that may guide deliberation. When the first age of globaliza...

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Superior document:Title is part of eBook package: De Gruyter DG Plus DeG Package 2022 Part 1
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Place / Publishing House:München ;, Wien : : De Gruyter Oldenbourg, , [2022]
©2022
Year of Publication:2022
Language:English
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Physical Description:1 online resource (V, 188 p.)
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245 1 0 |a From Satanic Mills to Machine Learning :  |b Western Technology and Global Markets in the 19th and 20th Centuries /  |c Francesco della Porta. 
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505 0 0 |t Frontmatter --   |t Acknowledgments --   |t Contents --   |t Introduction --   |t Chapter One --   |t Chapter Two --   |t Chapter Three --   |t Chapter Four --   |t Chapter Five --   |t Post-scriptum --   |t References --   |t Index of Names --   |t Subject Index 
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520 |a In the Biden multipolar era, Western Democracies face a dilemma: Should they keep marching behind the free market band, or should they engage the Asia new powers in a collegial governance of the common goods? This book looks for precedents that may guide deliberation. When the first age of globalization collapsed into WWI, Carl Polanyi wrote: "While the various shades of anti-democrats each have their own story of the world catastrophe, the democrat has yet to produce his own" (Polanyi 2018, 177). The interwar period is described through the eyes of five witnesses: J.M. Keynes recalls the surreal Versailles conference; E. Canetti, K. Polanyi, and G. Ferrero reflect on the relationship among power, markets, and the people. In the opposite field, F. von Hayek argues for a supranational agency which may ensure global free trade, bypassing the distortions national democracies procure to global markets. For a few years in the 1990s the WTO embodied von Hayek's utopia. This book contends that globalization is an intermittent event. To support that position, two main episodes of globalization are compared: the English textile revolution and the Silicon Valley information age. Each moved through four similar phases: Industry cluster; global infrastructure; regional monopolies; transfer of global leadership. To prevent a repeat of the WWI collapse, Western democracies should promote a concerted governance of environmental issues and other common goods, rather than relying on the free market mechanism. 
530 |a Issued also in print. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mai 2023) 
650 0 |a Economic history  |y 19th century. 
650 0 |a Economic history  |y 20th century. 
650 0 |a Factory system  |x History. 
650 0 |a Machine learning  |x History. 
650 0 |a Technological innovations  |x History. 
650 4 |a Deliberative Demokratie. 
650 4 |a Gemeingut. 
650 4 |a Globalisierung. 
650 4 |a Nichtregierungsorganisationen. 
650 7 |a HISTORY / Social History.  |2 bisacsh 
653 |a Common goods. 
653 |a deliberative democracy. 
653 |a globalization. 
653 |a non-government organizations. 
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