Why the privatization of British Telecom signaled a pivotal moment in
the rise of neoliberalism, and how it was shaped by the longer
development and digitalization of Britain’s telecommunications
infrastructure. When Margaret Thatcher sold British Telecom for £3.6
billion in 1984, it became not only, at the time, the largest stock
flotation in history, but also a watershed moment in the rise of
neoliberalism and deregulation. In Visions of a Digital Nation, Jacob
Ward offers an incisive interdisciplinary perspective on how
technology prefigured this pivot. Giving due consideration to the
politicians, engineers, and managers who paved the way for this
historic moment, Ward illustrates how the decision validated the
privatization of public utilities and tied digital technology to free
market rationales. In this examination of the national and, at times,
global history of technology, Ward’s approach is sweeping. Utilizing
infrastructure studies, environmental history, and urban and local
history, Ward explores Britain’s nationalist and welfarist plans for
a digital information utility and shows how these projects contested
and adapted to the “market turn” under Margaret Thatcher.
Ultimately, Visions of a Digital Nation compellingly argues that
politicians did not impose neoliberalism top-down, but that
technology, engineers, and managers shaped these politics from the
bottom up.
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Market and Monopoly in British Telecommunications
Produktdetaljer
ISBN
9780262375535
Publisert
2023
Utgiver
Random House Publishing Services
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter