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"The next phase of the the Internet will be about connecting things. The Internet of Things will be central to the infrastructure that we build."

The Third Industrial Revolution: How the Internet, Green Electricity, and 3-D Printing are Ushering in a Sustainable Era of Distributed Capitalism

The internet is reshaping our economy from one of huge corporations with lots of jobs to huge platforms with lots of income streams

In Reinventing Discovery, Michael Nielsen argues that we are living at the dawn of the most dramatic change in science in more than 300 years. This change is being driven by powerful new cognitive tools, enabled by the internet, which are greatly accelerating scientific discovery.

"WeMo lives on your iPhone and uses your home Wi-Fi and mobile internet. Setting up and using it is a snap."

" Since 1800, technological advance has been associated with economic growth. The new stuff being built saved labor input, which was then put into the construction of other things. However, the most recent technological advances may not be growth-inducing. As Samuelson puts it, "Gordon sees the Internet, smartphones and tablets as tilted toward entertainment, not labor-saving."" Professor Edward Castronova, who once wrote a book about the exodus to virtual worlds, sees some more evidence of an exodus recession.  He's not just talking about virtual worlds however, but also about your average digital stuff such as tablets and smartphones. It makes us want less 'real' things and so it makes it harder for the economy to grow. One might say, let's measure growth in a different way, taking into account this digital shift. But then again, our social security for instance depends on the economy and the money which is actually earned there.  So will we all hide into virtual worlds to forget the misery of the recession-ridden 'real world'? Or is this speculation very wrong, as the digital evolution is now affecting the 'world of the atoms' in a radical way (think 3D printers, hardware and bio-hacking). 

The famous sociologist Manuel Castells in an interview by Paul Mason (BBC):  "With Facebook and with all these social networks what happened is that we live constantly networked. We live in a culture of not virtual reality, but real virtuality because our virtuality, meaning the internet networks, the images are a fundamental part of our reality. We cannot live outside this construction of ourselves in the networks of communication." Ever wondered why people try to redefine themselves by nationalism, regionalism, membership of small subcultures, even though the world is globalizing fast? I think Castells has some anwers on that too:  "The more we are connected to everything and everybody and every activity, the more we need to know who we are. Unless I know who I am, I don't know where I am in the world, because then I am a consumer, I am taken by the market, I am taken by the media. "And therefore people decide that they are going to be different. But to do that, they have to identify themselves as individuals, as collectives, as nations, as genders, all these categories that sociologists have already constructed time ago." Castells explains how people in this crisis engage in co-operative or non-profit work. It's a kind of 'non-capitalism'.  Putting now on my list: his new book Aftermath. 

Will the evolution of the internet reduce or increase cognitive inequality? The answer may not be so straightforward. 

Sean Lawson, Forbes:  "If the United States has not yet fully militarized cyberspace, it has taken significant steps in that direction. " Interesting metaphors in this article. Is cyberspace like an ocean, and is it just a normal thing to have a kind of cyberspace-navy? Or is this going much further, with the military trying to expand their role drastically? 

Situated Technologies, a project by Omar Khan, Trebor Scholz, and Mark Shepard, is a co-production of the Center for Virtual Architecture, The Institute for Distributed Creativity (iDC), and the Architectural League of New York.

The BBC's Matt Danzico investigates what place traditional academic institutions have in a world consumed by do-it-yourself education.