Putnam has developed a theory of social capital to explain the effect
of decreasing community participation and civic engagement on declinin
g institutional performance. Subsequently, there has been much specula
tion as to whether emerging virtual communities can counteract this tr
end. The authors apply the findings of computer-mediated communication
and virtual communities to the networks, norms, and trust of social c
apital and also examine the possible effects of virtual communities on
the privatization of leisure time. They conclude that social capital
and civic engagement will increase when virtual communities develop ar
ound physically based communities and when these virtual communities f
oster additional communities of interest Through a preliminary analysi
s, the authors identify potential communities of interest including ed
ucation, exchange of general community information, and opportunities
for government and political participation They conclude.with a discus
sion of current trends and research needs.