ABSTRACT

A historian of the movement describes their activities as a sort of political and social internet before the actual electronic system was invented. Fibre-optics and broadband are more effective than leaflets and telephones for the recruitment or continuity of any social enterprise. Tim Berners-Lee designed it for a social effect to help people work together and not as a technical toy. The ultimate goal of the Web is to support and improve our web like existence in the world. Virtual communities have the effect of increasing social capital, and thus adding another dimension to our lives. The Wikipedia project in particular can be celebrated, not only because it involves such a community, but also because its objectives are so clearly beneficial to society in general. The economist Ronald Coase was to study the relative transaction costs of markets and firms under certain conditions. Coase produced a theory about exactly when one mode becomes more attractive than the other.