Activity

What is sold is advertisement, thus the paying customers are the advertisers, and what is being sold are the users themselves, not their content.

This means that the source of value that becomes Facebook's profits is the work done by the workers in the global fields and factories, who are produc…

Third, we need a legal framework for a new regime of accumulation. This takes vision; it's today's equivalent of what a social democratic or socialist economic policy used to be. It means bringing state back in, not only as neutral gatekeepers of economic fair play but as a volonté générale that …

Silicon Valley is redesigning the corporation itself. These gig companies are little more than a website and an app, with a small number of executives and regular employees who oversee an army of freelancers, temps, and contractors. In the vision of the techno gurus and their Ayn Rand libertarianis…

[...] the big companies no longer actually make their products. That can be contracted out to a competing mass of capitalist suppliers. What the vectoralist firm owns and controls is brands, patents, copyrights, and trademarks, or it controls the networks, clouds, and infrastructures, along which s…

[...] Those funders then run the show. Satisfied with nothing less than 100x returns on their money, they push the founders to "pivot" the business toward outlandish, "home run" outcomes. The object of the game is not to create a successful business, but to "exit" through an IPO or acquisition befo…