47
What is cognitive capitalism?
1
terms
3
notes
48
[...] Just as industrial capitalism had broken with the substance of slavery-based merchant capitalism, 'cognitive' capitalism, which is now beginning to appear and which produces and domesticates the living on a scale never before seen, in no sense eliminates the world of material industrial production. Rather it re-arranges it, re-organises it and alters the positioning of its nerve centres. Financialisation is the expression of this remodelling, of this reformatting, of material production. [...]
because there's no way to account for the value of intangibles otherwise!
[...] Just as industrial capitalism had broken with the substance of slavery-based merchant capitalism, 'cognitive' capitalism, which is now beginning to appear and which produces and domesticates the living on a scale never before seen, in no sense eliminates the world of material industrial production. Rather it re-arranges it, re-organises it and alters the positioning of its nerve centres. Financialisation is the expression of this remodelling, of this reformatting, of material production. [...]
because there's no way to account for the value of intangibles otherwise!
78
[...] supposing masses of waged workers suddenly started going to university? Well, that's exactly what happened. As Carlo Vercellone has correctly pointed out, cognitive capitalism, in which we include its impressive transformation technology apparatus, is the historical product of a profound movement of working-class rebellion. This took various forms of refusal of work (absenteeism, sabotage, wildcat strikes), but mainly it fed a continuous pressure for the democratisation of access to universities and institutes of technology.
goes into British rule in Ireland & banning Irish Catholics from learning to read etc
[...] supposing masses of waged workers suddenly started going to university? Well, that's exactly what happened. As Carlo Vercellone has correctly pointed out, cognitive capitalism, in which we include its impressive transformation technology apparatus, is the historical product of a profound movement of working-class rebellion. This took various forms of refusal of work (absenteeism, sabotage, wildcat strikes), but mainly it fed a continuous pressure for the democratisation of access to universities and institutes of technology.
goes into British rule in Ireland & banning Irish Catholics from learning to read etc
79
[...] If developers work for free today, it is because they are hoping to increase their reputations, so that tomorrow this may result in better paying jobs. So everything goes back to normal. There is no place for altruism [...]
citing a classic paper by Lerner and Tirole. i'm sure he's exaggerating somewhat but even so it just highlights the absurdity of trying to fit everything into a neoclassical model (it might not be totally invalid but it's also so limited and limiting)
[...] If developers work for free today, it is because they are hoping to increase their reputations, so that tomorrow this may result in better paying jobs. So everything goes back to normal. There is no place for altruism [...]
citing a classic paper by Lerner and Tirole. i'm sure he's exaggerating somewhat but even so it just highlights the absurdity of trying to fit everything into a neoclassical model (it might not be totally invalid but it's also so limited and limiting)
bulwark
(en)
(noun) defensive wall
90
the community serves as a bulwark against the domination of market values
notable
6 years, 4 months ago
the community serves as a bulwark against the domination of market values
notable
6 years, 4 months ago