Dossier

In Memoriam: The New Economy

This web dossier brings together a collection of essays gathered in the frame of the Tulipomania DotCom conference, which was organised by De Balie at the initiative of media theorist Geert Lovink, on June 2nd and 3rd in De Balie in Amsterdam, and on June 4th 2000 at the Frankfurter Kunstverein. The texts were put together in a post-conference reader in the Summer of 2000. They are complemented here with more recent materials on the subject. The historical significance of the events surrounding the new economy and dotcom hype and their disastrous failure is hard to miss today. When the event was organised, however, few people were interested to listen....
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From the introduction to the Tulipomania DotCom Reader:

Around Christmas, at the turn of the Millennium, with substantial growth rates throughout the Western world, the Dotcommania reached its height. In this period the conference organisers got the green light to go ahead. Together with an active advisory board materials were brought together and speakers approached. The following events pushed the initial interest in financial markets and the debate over a possible global regulation of stockmarkets and electronic currency trading somewhat in the background. Still, the trend we initially noticed became even more clear: not technologists but financial experts were going to determine the course of the Internet.

The announcement of the merger between AOL and TimeWarner, in early January 2000, marked a turning point in the dotcom craze. First cracks in the success story started to appear in February, coinciding with first downturns of the NASDAQ, the dominant indicator of the New Economy stocks. From then on the picture became clear: most of the hyped-up start-ups would eventually either go bankrupt, or be sold to be submerged in the much disdained 'Old Economy'. The NASDAQ crashed by mid-april, six weeks before the planned event in Amsterdam and Frankfurt. This was not a market correction or even a defeat of the entire Internet generation but a financial strategy from the very start. The New Economy concepts had never been advertised as alternatives to the corporate sector. Its drive is money, not technical, let alone social innovation.

Tulipomania did not have the self righteous agenda of outsiders, making fun of all those who had put their money in tech stocks, and lost a fortune when the stocks finally plummeted by mid April. Coming from the cultural sector, with a background in media theory, electronic arts and Internet activism, it was clear that IT and computer networks were going to have a lasting impact on the economy and society at large.
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Paulina Borsook:

The most virulent form of philosophical technolibertarianism is a kind of scary, psychologically brittle, prepolitical autism. It bespeaks a lack of human connection and a discomfort with the core of what many of us consider it means to be human. It's an inability to reconcile the demands of being individual with the demands of participating in society, which coincides beautifully with a preference for, and glorification of, being the solo commander of one's computer in lieu of any other economically viable behavior. Computers are so much more rule-based, controllable, fixable, and comprehensible than any human will ever be.

Excerpt from Cyberselfish. tekst uitklappen [ + ]
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No-Collar: The Humane Workplace and Its Hidden Costs

Date: Fri, 27 Dec 2002
From: andrew ross
To: Nettime
Subject: Re: No-Collar

My book, No-Collar: The Humane Workplace and Its Hidden Costs has just been published by Basic Books. It is based on eighteen months of ethnographic study of two Internet workplaces (Razorfish and 360hiphop) from 2000 to 2002. I've included a Q&A which the publisher customarily requires of authors (a genre unto itself) to give Nettimers a sense, albeit a publicist's sense, of the book. Needless to say, the nettime list was an important backdrop while I was doing research for, and writing the book.
(Andrew Ross)

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From New Economy to War Economy


Date: Mon, 24 Sep 2001 12:33:56 -0400
From: "nettime's roving reporter"
To: nettime-l@bbs.thing.net
Subject: From new economy to war economy


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http://www.latimes.com/news/printedition/asection/la-000076318sep23.story

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The Ideology of Immateriality


This text was prepared for the Tulipomania DotCom Conference, Amsterdam, Frankfurt June 2-4, 2000

More than 10 years ago, George Gilder forged the basic credo of what we now call the new economy when he wrote: "The central event of the twentieth century is the overthrow of matter...Today, wealth comes not to the rulers of slave labor but to the liberators of human creativity, not to the conquerors of land but to the emancipators of mind." Lees verder

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Introduction to the Tulipomania DotCom Reader & Conceptual Background

The original introduction text to the Tulipomania DotCom Reader and the text on the conceptual background of the conference.
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The New Economy - Premises and Pitfalls

Essay by Douglas Henwood
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Mental Labor in the New Economy

Andrew Ross analyses the artisan new economy flex worker - by now a species extinct....
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How the Internet Ruined San Francisco

In this essay Paulina Borsook describes how the internet-hype of the late nineties destroyed the unique cultural and social infrastructure of San Francisco, prerequisite to its 'succes'. A similar story could easily have been written about Amsterdam...
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No-Collar: The Humane Workplace and Its Hidden Costs

Interview with Andrew Ross, introducing his book on new economy workfloor conditions (Dec. 2002)
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Cyberculture in the Age of Dotcom.mania

A Vista over Internet Strategies - Essay by Geert Lovink in which he question the position of new media culture after the dotcom implosion.
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Cyberselfishness Explained

Interview with Paulina Borsook by Geert Lovink
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The Battle of the Three Letter Acronyms

Essay based on talk delivered at the Tulipomania DotCom conference by Jesse Hirsh.
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The Ideology of Immateriality

Text of the talk given by Felix Stalder.
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Het Internet, de Muziek, en de Regels (deel 1)

Essay by economist Wilfred Dolfsma on the economics of copyright law and the music industry in the digital domain, commisioned by De Balie and the Dutch Ministry of Economic Affairs. (Dutch text)
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The New Culture? The New Economy!

Essay by Max Bruinsma & Chris Keulemans (2000) in response to the Tulipomania DotCom conference, orignally published in the Dutch weekly De Groene Amsterdammer.
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BLUEPRINT FOR TOYWAR II

From Net Criticism to a Politics of Code - Theses on Network Economics and Network Politics.
Essay by Reinhold Grether
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Did you really think you were worth $300 Million?

If you're so smart, how come you're not rich (any more)?
Short essay by Dave Mandl.
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Was the Dot-Com Gold Rush Worth it?

By columnist and investment trend-watcher Christopher Byron.
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From New Economy to War Economy

The Financial Fallout - an assesment by time reporters Peter G. Goseelin and Jube Shiver Jr. less than two weeks after the 9/11 attacks.
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The Dot-Com Economy:

An Economy with no mediation?
by Korinna Patelis
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A Concise History of the New Economy

Stories on the Dotcom Crazes and Crashes, Winter/Spring 2000.
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Toward a New Political Economy:

Classically Marxist' analysis by researcher and Multitudes editor Pascal Jollivet.
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Smash the Surface / Break Open the Box / Disrupt the Code

The essay explores the connection between real-time mediation, economy, power and artist / activist responses. By Eric Kluitenberg.
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Fear in the Markets

Essay by Donald MacKenzie, analyses investment strategies of the investment partnership Long-Term Capital Management, that abruptly filed bankruptcy in September 1998.
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Reports about Tulipomania DotCom in German and Dutch

Reports about Tulipomania DotCom in German and Dutch
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