Technocapitalism, the Intangible Economy, and Economic Centralization

Perspectives on Global Development and Technology 19 (1-2):32-44 (2020)
  Copy   BIBTEX

Abstract

The aim of this article is to analyze the underlying economic structures which have led to the rise of the tech giants. In their book Capitalism without Capital: The Rise of the Intangible Economy, economists Jonathan Haskel and Stian Westlake outline the four fundamental features of the technocapitalist (or what they consider the intangible) economy. Key to the emerging intangible economy, they suggest, are the four “S’s” of this new form of capitalism, viz., scalability, sunkenness, synergies, and spillovers. In the following, I explicate the ways in which, if taken seriously, these four features of the technocapitalist economy tend towards heightened levels of economic centralization and economic inequality as compared to those experienced under industrial capitalism.

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 90,616

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Profit and Gift in the Digital Economy.Dave Elder-Vass - 2016 - Cambridge University Press.
To Change the Way of Economy Development and to Adjust the Economic Structure.Guang-hua Zhu - 2008 - Nankai University (Philosophy and Social Sciences) 1:77-79.
The Spillover Effect of the EU Economy on the Culture.Doina Gavrilov - 2019 - International Letters of Social and Humanistic Sciences 87:23-31.
Global pandemic economic crisis: consequences and opportunities for Ukraine.Igor Britchenko & Maksym Bezpartochnyi - 2020 - In Pandemic Economic Crisis: Changes and New. Sofia, Bułgaria: pp. 18-22.
Dewey, Economic Democracy, and the Mondragon Cooperatives.Kenneth W. Stikkers - 2011 - European Journal of Pragmatism and American Philosophy 3 (2):186-200.
A Christian Political Economy.William R. Marty - 1991 - Journal of Interdisciplinary Studies 3 (1-2):107-120.

Analytics

Added to PP
2021-06-22

Downloads
23 (#584,438)

6 months
5 (#246,492)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Alec Stubbs
University of Massachusetts, Boston

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references