Platform Capitalism (Theory Redux)

A tool of survival is being marketed by Silicon Valley as a tool of liberation.

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.

The drivers behind this shift were to reduce benefits and liability costs, in an effort to maintain profitability levels.

productivity growth is a change in social relationships, particularly property relationships.

reducing the supply of government bonds should increase the demand for other financial assets. It should both lower the yield of bonds (e.g. corporate debt), thereby easing credit, and raise the asset prices of stocks (e.g. corporate equities) and subsequently create a wealth effect to spur spending.

as the ground upon which their activities occur, which thus gives it privileged access to record them.

lean platforms

The 1970s therefore set the stage for the lengthy slump in manufacturing profitability that has since been the baseline of advanced economies.

designed core architecture that governs the interaction possibilities.