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The problem of innovation in technoscientific capitalism: data rentiership and the policy implications of turning personal digital data into a private asset
Policy Studies ( IF 2.152 ) Pub Date : 2020-03-31 , DOI: 10.1080/01442872.2020.1748264
Kean Birch 1 , Margaret Chiappetta 2 , Anna Artyushina 3
Affiliation  

ABSTRACT A spate of recent scandals concerning personal digital data illustrates the extent to which innovation and finance are thoroughly entangled with one another. The innovation-finance nexus is an example of an emerging dynamic in technoscientific capitalism in which innovation is increasingly driven by the pursuit of “economic rents”. Unlike innovation that delivers new products, services, and markets, innovation as rentiership is defined by the extraction and capture of value through different modes of ownership and control over resources and assets. This shift towards rentiership is evident in the transformation of personal digital data into a private asset. In light of this assetization, it is necessary to unpack how innovation itself might be a problem, rather than a solution to a range of global challenges. Our aim in this paper is to conceptualize this relationship between innovation, finance, and data rentiership, and examine the policy implications of this pursuit of economic rents as a deliberate research and innovation strategy in data-driven technology sectors.

中文翻译:

科技资本主义的创新问题:数据租用权和将个人数字数据转化为私人资产的政策含义

摘要 最近一连串有关个人数字数据的丑闻说明了创新和金融在多大程度上相互纠缠不清。创新-金融关系是技术科学资本主义新兴动力的一个例子,其中创新越来越多地由追求“经济租金”驱动。与提供新产品、服务和市场的创新不同,作为食利权的创新的定义是通过不同的所有权模式以及对资源和资产的控制来提取和获取价值。这种向食租制的转变在个人数字数据向私人资产的转变中体现得淋漓尽致。鉴于这种资产化,有必要解开创新本身如何成为一个问题,而不是解决一系列全球挑战的方法。
更新日期:2020-03-31
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