Network Society, Bubble Economy, and Market Crash: Necessity or Choice?

Satya Anggara, Herdito Sandi Pratama

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Manuel Castells believes that ICT is a factor that determines the pattern of life and the level of economic inequality, depending on the failure or success of a person or a group in utilizing it. SDGs (Sustainable Development Goals), on the other hand, seeks to direct the development of the world towards sustainable growth that balances environmental, social and economic dimensions in every human activity. The aim is that progress and prosperity are enjoyed by all interested parties, including humans and nature. To achieve what is aspired in the SDGs requires control and predictability in human activities, but on the other hand the era of the network society is filled with uncertainty and spontaneity, marked by the outbreak of a bubble economy and increasingly unpredictable market crashes. This article will rethink the relationship between the logic of the network society era and the bubble economy as well as market crash phenomena to see the obstacle behind the efforts to create an economy that is more prosperous and sustainable in the network society era in order to maximize the positive impact of the network to realize the eighth point of the SDGs.

Original languageEnglish
Title of host publicationProceedings of the fourth Asia-Pacific Research in Social Sciences and Humanities, Arts and Humanities Stream (AHS-APRISH 2019)
Chapter17
Pages211-226
DOIs
Publication statusPublished - 28 May 2023

Publication series

NameProceedings of the fourth Asia-Pacific Research in Social Sciences and Humanities, Arts and Humanities Stream (AHS-APRISH 2019)
Volume753
ISSN (Print)2731-8060
ISSN (Electronic)2352-5398

Keywords

  • Network Society
  • Bubble Economy
  • Market Crash
  • ICT
  • SDGs

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