1. a theory or system of social organisation that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
2. refers to a broad set of economic theories of social organisation advocating public or state ownership and administration of the means of production and distribution of goods, and a society characterised by equality for all individuals, with a fair or egalitarian method of compensation.
3. a system of society or group living in which there is no private property or condition of society in which the means of production are owned and controlled by the state.
= which all sound like SOCIAL MEDIA and Web 2.0 to me.
Therefore, is the internet inherently a socialist 'state'? Can it be a capitalist one? Can people genuinely reap financial benefit out of it? Can networks be monetised? Can people's social interaction actually be monetised online? Are community managers the new facilitators? Is society now owned by its users?
Is capitalism dying because of the internet?