by Don Tapscott and Alex Tapscott
Yes, the digital revolution has brought countless wonders. The Internet, World Wide Web, Social Media, Mobile Computing, Geospaciality, Big Data and The Cloud, have enabled myriad wonderful developments in virtually every aspect of life.
But when it comes to business, a careful analysis shows that the changes to date are only scratching the surface. Capitalism’s basic institution, the corporation, has remained relatively unchanged. Hierarchy, vertical integration and bureaucracy — hallmarks of the industrial age still reign. And when it comes to the economy as a whole, the digital revolution has not had a positive impact on prosperity for most. Social inequality is growing and most economists are predicting decades of structural unemployment.