Anthony J. Pennings, PhD

WRITINGS ON DIGITAL ECONOMICS, ENERGY STRATEGIES, AND GLOBAL COMMUNICATIONS

Digital Borders and Authoritarianism

The enforcement of digital borders by authoritarian regimes in the modern era represents a significant challenge to global norms of free expression, access to information, and human rights. As regimes continue to develop and refine their methods of control, the international community must navigate the delicate balance between respecting national sovereignty and advocating for digital freedoms.

Analyzing the Market Structure of a Product

These are class notes for my Engineering Economics class for their final assignments. Use the citation below. What is a monopoly? What is an oligopoly? Or even more confusing – what is an oligopsony? These are terms used to describe the state of competition among firms buying or selling similar or related products. Firms seek […]

The Future of US Democracy: Getting Excessive Money Out of Elections

Excessive money in political elections corrodes the democratic process by distorting representation, undermining public trust, and prioritizing the interests of wealthy donors over the common good. Efforts to reduce the influence of money in politics aim to promote greater transparency, accountability, and fairness in the political process. Addressing the issue of money in politics requires a combination of legal challenges, legislative reforms, grassroots activism, and civic engagement to create a more equitable and democratic political system.

Zeihan’s Global Prognostics and Sustainable Development, Part II: Implications of Tesla’s Master Plan 3

Tesla’s Investor Day presentation broadly sketched a vision for a sustainable energy economy and how the company would contribute to that plan. However, Peter Zeihan’s work suggests a tougher road ahead with limited premium locations for solar and wind. Furthermore, a deglobalization trend and geopolitical conflict threaten access to critical resources needed for the green revolution.

Weak Domestic Dollar, Strong Global Dollar

Currently the dollar is weak domestically and strong globally. In this post, I examine the dynamics of the US dollar and why it operates differently within the domestic US and globally.

MMT in a Post-Covid-19 Environment

We hear the term “printing money” a lot, usually by gold or bitcoin enthusiasts who believe in establishing strict financial constraints. By establishing “hard money” and limiting the quantity of money in an economy, they hope to see their assets rise in value while keeping prices down. Certainly, governments do print some of their money for public use, but the preponderance of funds are entries in digital ledger accounts.

The Great Monetary Surge Since 2020 and the Return of Inflation

We had an amazing shot of money into the economy during 2020. It continued into 2021 but nowhere near the amounts of 2020. It helped forestall an economic collapse but became part of the complex equation increasing prices.

Building Dystopian Economies in Facebook’s Metaverse

Strangely relevant to the new emergence of virtual environments like Facebook’s Metaverse, the talk was held in downtown New York City at the Woolworth Building, known as the “Cathedral of Commerce” when it was built in 1913. The location was strangely appropriate given the topic, a wrap-up of a year-long project at New York University on Second Life. The project involved an animation class taught by Mechthild Schmidt-Feist, and my class, the Political Economy of Digital Media. I still have the tee-shirt my students gave me that says “Got Linden?” a reference to Second Life’s currency, the Linden.

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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.

    You can reach me at:

    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.