
Platform Capitalism (Theory Redux)

shift into product platforms
Nick Srnicek • Platform Capitalism (Theory Redux)
One of the most important consequences of this schematic model of capitalism is that it demands constant technological change. In the effort to cut costs, beat out competitors, control workers, reduce turnover time, and gain market share, capitalists are incentivised to continually transform the labour process.
Nick Srnicek • Platform Capitalism (Theory Redux)
A tool of survival is being marketed by Silicon Valley as a tool of liberation.
Nick Srnicek • Platform Capitalism (Theory Redux)
generalised market dependency led to a systemic imperative to reduce production costs in relation to prices.
Nick Srnicek • Platform Capitalism (Theory Redux)
collective cooperation and knowledge become a source of value.
Nick Srnicek • Platform Capitalism (Theory Redux)
advertising platforms
Nick Srnicek • Platform Capitalism (Theory Redux)
which often transmit the gendered and racist biases of society.
Nick Srnicek • Platform Capitalism (Theory Redux)
the yen and the mark were devalued over fears of Japanese collapse.
Nick Srnicek • Platform Capitalism (Theory Redux)
their profitability appears to be generated solely by the removal of costs and the lowering of wages and not by anything substantial.