November 2023 – Economics of Information Society

Transition to the information society (Part 5: Only governments can solve today’s problems but can they?)

Transition to the information society (Part 5: Only governments can solve today’s problems but can they?) Phuah Eng Chye (11 November 2023) In the 1990s, governments took a backseat to unleash the private sector and markets to drive economic growth. Technology-driven innovations upended legacy industrial society models and deepened informationalisation, financialisation and globalisation. Governments papered … “Transition to the information society (Part 5: Only governments can solve today’s problems but can they?)”

Phuah Eng Chye

I was formerly a securities regulator and equities analyst. I started writing these articles (and a book) because I felt that there were a lot of economic theories that didn’t seem to match up to the realities we are facing. This also means that a lot of policies (based on these theories) are wrong. So I’ve tried to make sense of how things worked based on the paradigm of an information society. Its a challenging topic and difficult to pin down. This means I have had to explore issues over a wide range of policy areas. Over the next few months, I will cover the service economy, the sharing economy, household and work structures before moving onto policy issues on the anorexic economy (role of corporates, basic income, housing affordability) and the financialisation process (capital, monetary policy, securities regulation).

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