How Silicon Valley Unleashed Techno-Feudalism - The Making of the Digital Economy

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.

Info 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 and How Silicon Valley Unleashed Techno-Feudalism: The Making of the Digital Economy. He is a regular contributor to the online journal Contretemps and to Sidecar and New Left Review.

Riassunto

The promise of the New Economy gone, we have regressed into the age of techno-feudalism

Dettagli sul prodotto

• Autori: David Broder, Cedric Durand, Cédric Durand
• Con la collaborazione di: David Broder (Traduzione), Broder David (Traduzione)
• Editore: Verso
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 03.09.2024
• EAN: 9781804294383
• ISBN: 978-1-80429-438-3
• Pagine: 240
• Categorie: Scienze sociali, diritto, economia > Scienze politiche > Scienze politiche e cittadinanza attiva; Capitalism, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economics / Theory, Economic theory & philosophy, Economic systems & structures, Ethical & social aspects of IT, Economic theory and philosophy, COMPUTERS / Social Aspects