This paper critically assesses the policy orientation, social impacts, and linkages of telecommunications in the United States within a government deregulated policy environment and an increasingly globalized economy. Deregulation has been driven by both ideological and technological demands, stemming from several political and economic transformations in the world economy, the collapse of state socialism in eastern Europe and the former Soviet Union, and greater oligopolistic competition among transnational corporations. An expanded infrastructure of new digital information and communications technology (ICT) is the foundation of a worldwide political economic regime of accumulation. ICT increases command and control capabilities of large corporations, together with the mobility and liquidity of capital, making it essential to the restructuring of the world economy, the new international division of labor, and the creation of global "information city" networks. At the same time, government deregulation and rapid technological change are associated with a number of spatial, economic, and social dualisms.