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Virtual cartels, introduction |
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Among the most striking development of the 1990s has been the emergence of a global commercial media market utilizing new technologies and the global trend toward deregulation.
This global commercial media market is a result of aggressive maneuvering by the dominant firms, new technologies that make global systems cost-efficient, and neoliberal economic policies encouraged by the World Bank, IMF, WTO, and the US government to break down regulatory barriers to a global commercial media and telecommunication market.
A global oligopolistic market that covers the spectrum of media is now crystallizing the very high barriers to entry."
(Robert McChesney, author of "Rich Media, Poor Democracy")
The network structure of information and communication technologies means that even deregulated markets are not "free". The functional logic of global networks only tolerates a small number of large players. Mergers, strategic alliances, partnerships and cooperations are therefore the daily routine of the ICT business. They bypass competition and create "virtual cartels".
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Smart card
A smart card is a credit-card size plastic card equipped with a microchip. this allows it to store a lot more data than a regular magnetic stripe, and to be recharged. Smart cards are most commonly used for electronic payment, phone calls and other day-to-day applications, but their potential lies in their versatility. Different type of data may be stored on the same smart card. The business expectation of the industry are ambitious, with expectations of an annual turnout of 2.7 bn smart cards by the year 2003.
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