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

Publisher
Verso
Author
Cédric Durand
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.
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      Specification

      SKU
      9781804294383
      Publisher
      Published At
      2024
      Dimensions
      219x148x21 mm
      Pages
      240
      EAN
      9781804294383
      Language
      Format
      Created At (custom)
      08.10.2024
      ISBN
      9781804294383

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