Sinossi
The New Economy never arrived, instead we have regressed towards darker times. Have we already entered the age of techno-feudalism?
Inequality, stagnant productivity, endemic instability: The new economy of the nineties promised a new era of freedom and prosperity fuelled by technology and innovation. It didn't deliver. Certainly, algorithms are everywhere, but this does not mean that capitalism has become civilized or provided for the 99%.
In the hands of private corporations, the digitalization of the world drives us toward an even darker future. The return of monopolies, the dependence of subject-citizens on platforms, the blurring of the distinction between the economic and the political all epitomize a systemic mutation. Information and data networks push the economy in the direction of the feudal logic of rent, dispossession, and domination of the many by the few.
Techno-feudalism offers a fresh genealogy of the Silicon Valley consensus and its aporias. It disentangles the principles of an emerging system-wide rationale. Large firms compete in cyberspace to gain control over data sources. In this new economic order, capital is moving away from production to focus on predation. Acclaimed political economist Cédric Durand's devastating critique of our current Silicon Valley dominated economy points the way toward the systemic changes we need to build a more just society.
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Informazioni sull?autore
Cédric Durand is Professor of Political Economy at the University of Geneva and a member of the Centre d'économie Paris Nord. He is the author of Fictitious Capital: How Finance Appropriates Our Future. He is a regular contributor to the online journal Contretemps and to Sidecar, the blog of the New Left Review.
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Hardcover. Condizione: new. Hardcover. Inequality, stagnant productivity, endemic instability. The new economy has not arrived. Algorithms are ubiquitous, but this does not mean that capitalism has become civilized. On the contrary.Instead, as a result of the digitalization of the world, a great regression has occurred. The return of monopolies, the dependence of subjects on platforms, the blurring of the distinction between the economic and the political: the mutations at work are transforming the quality of social processes and giving a new relevance to feudalism. Techno-feudalism reconfigures a history if the Silicon Valley consensus and highlights the five paradoxes that undermine it. The central thesis is then unfolded, punctuated by developments on GAFAs, global value chains or the Chinese social credit system. Large firms compete in cyberspace to gain control over data sources. Subjects are attached to the digital glebe. In the emerging economic order, capital is moving away from production to focus on predation. The promise of the New Economy gone, we have regressed into the age of techno-feudalism Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Codice articolo 9781804294383
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Hardback. Condizione: New. The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn't deliver. Certainly, algorithms are everywhere, but capitalism is no more civilised than ever. In fact, in the hands of private corporations, the digitalisation of the world drives us towards a darker future. The return of monopolies, the dominance of a few platforms, the blurred distinction between the economic and the political all epitomise a systemic mutation. Information and data networks push the digital economy in the direction of the feudal logic of rent, dispossession, and personal domination.How Silicon Valley Unleashed Techno-feudalism offers a fresh genealogy of the Silicon Valley consensus and its contradictions. It disentangles the principles of an emerging systemwide rationale. Large firms compete in cyberspace to gain control over data, and ordinary people are increasingly at the mercy of tech giants. In this new economic order, capital is moving away from production to focus on predation. Codice articolo LU-9781804294383
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Hardback. Condizione: New. The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn't deliver. Certainly, algorithms are everywhere, but capitalism is no more civilised than ever. In fact, in the hands of private corporations, the digitalisation of the world drives us towards a darker future. The return of monopolies, the dominance of a few platforms, the blurred distinction between the economic and the political all epitomise a systemic mutation. Information and data networks push the digital economy in the direction of the feudal logic of rent, dispossession, and personal domination.How Silicon Valley Unleashed Techno-feudalism offers a fresh genealogy of the Silicon Valley consensus and its contradictions. It disentangles the principles of an emerging systemwide rationale. Large firms compete in cyberspace to gain control over data, and ordinary people are increasingly at the mercy of tech giants. In this new economic order, capital is moving away from production to focus on predation. Codice articolo LU-9781804294383
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