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Technocapitalism, the Intangible Economy, and Economic Centralization
Perspectives on Global Development and Technology Pub Date : 2020-03-30 , DOI: 10.1163/15691497-12341538
Alec Stubbs 1
Affiliation  

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.



中文翻译:

技术资本主义,无形经济和经济集中化

本文旨在分析导致科技巨头崛起的潜在经济结构。经济学家乔纳森·哈斯克尔(Jonathan Haskel)和施蒂安·韦斯特莱克(Stian Westlake)在他们的《没有资本的资本主义:无形经济的兴起》一书中概述了技术资本主义(或他们认为无形的)经济的四个基本特征。他们认为,新兴无形经济的关键是这种新形式的资本主义的四个“ S”,即可扩展性,沉没性,协同作用和溢出效应。在下文中,我阐述了与产业资本主义所经历的那些相比,如果认真对待的话,技术资本主义经济的这四个特征趋向于加剧经济集权和经济不平等的水平。

更新日期:2020-03-30
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