Technocapitalism, the Intangible Economy, and Economic Centralization
In: Perspectives on Global Development and TechnologySearch for other papers by Alec Stubbs in
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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.
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Haskel, Jonathan and Stian Westlake. 2018. Capitalism without Capital: The Rise of the Intangible Economy. NJ: Princeton University Press.
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| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 1431 | 240 | 34 |
| Full Text Views | 119 | 9 | 2 |
| PDF Views & Downloads | 225 | 24 | 5 |
Technocapitalism, the Intangible Economy, and Economic Centralization
In: Perspectives on Global Development and TechnologySearch for other papers by Alec Stubbs in
Current site
Google Scholar
PubMed
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.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 1431 | 240 | 34 |
| Full Text Views | 119 | 9 | 2 |
| PDF Views & Downloads | 225 | 24 | 5 |
