Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Digital Destruction

Posted on | November 30, 2010 | No Comments

I was talking with a woman the other day whose husband is losing her job because “films don’t use film anymore”. Yes, I responded, another case of digital destruction.

She was intrigued with the term so we discussed it a bit more. I take no credit in coming up with name but the conversation did make me wonder how I picked up the term and how it should be used. Of course I was familiar with Joseph Schumpeter’s notion of “creative destruction” which is used by free market economists to rationalize the economic penalties of new innovations. Karl Marx had also used a similar notion to refer to the destructive tendencies inherent in capitalism. At the conclusion of our discussion I told her I thought “digital destruction” can help us understand much of what is going on in our global economy.

Although at times I have been quite positive about the changes brought on by these technologies, I don’t want to discount the destructive aspects of the microprocessor revolution and its impact on real people. As someone who monitors the effects of media and IT I knew I wanted to pursue this notion of the destructive aspects of digitalization. So this is the start. I created this writing category and a Google search quickly found the following presentation which I thought began to address my friend’s situation and provides a powerful array of images.

Kodak and the Digital Destruction of Value Chains

View more presentations from Chris Sandström.
Category: digital destruction, political economy of media
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  • About Me

    Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.

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