Social media observers and economic historians will be most intrigued by Davidow’s thesis regarding the perils of our overconnected world. Shying away from the typical focus on Facebook or Twitter, he offers a serious, thought-provoking study that looks at everything from Three Mile Island to the Iceland banking crisis, and explains how they are related. Davidow points out that financial “booms, busts, swindles and contagions” are nothing new, but with the role of the Internet in our personal and professional lives, the connected way we do business means that financial markets are far too dependent on each other to separate in moments of crisis. From automated underwriting of mortgage loans to instant loan approval, the financial sector has not only become more efficient, it has also speeded up to a degree that allows no time for care or caution. We are literally moving faster than our ability to control what we do. While it might seem overly simple to blame technology for our current woes, Davidow builds a solid case for the price we pay for super-efficiency. --Colleen Mondor
"[Bill Davidow] shows how the unanticipated effects of the Internet are distorting economics, politics, and individual lives."
--James Fallows, National Correspondent for The Atlantic"Davidow argues compellingly that connectivity without coordination is a formula for chronic instability, and that hyperconnection without coordination is a formula for mega-catastrophe."
--David M. Kennedy, Pulitzer-Prize winning author"[Davidow's] agile command of such a wide range of contemporary political and economic issues expands each page into a new, stimulating area of inquiry and original insight."
--Stanley B. Prusiner, Nobel Prize in Physiology or Medicine 1997"I don't think I have ever read a book with more 'ah hah' moments. The book is brilliant, original, sobering and fascinating."
--John Shoven, Director of the Stanford Institute for Economic Policy ResearchEvery policy maker, politician, and businessperson should read [Overconnected] to gain a deeper understanding into how the Internet will transform government, the economy, and our lives."
--Bill Bradley, Former U.S. Senator