possibly relevant for my dissertation
This is not, however, a book of prescriptions. No glorious blueprint for the left resides within its pages. Rather it brings together crucial perspectives for understanding capitalism and the world we inhabit. While the assessment of capitalism and its opponents may seem bleak, the conclusion of the book is not. The way forward is to be found by arming ourselves with unsparing analysis of the predicament we find ourselves in, while having the fortitude to once again think ambitiously about broad emancipatory change.
just inspiring
You simply couldn't have global production with out the role that finance plays just in this respect, and I'm not even getting into the role that finance plays in terms of venture capital, which was very important in terms of the development of information and technology revolution we just lived through; or the role it plays in terms of facilitating investment. You could do the same for the kind of role that finance plays in terms of making indebted consumers into viable consumers. [....] you can go even further to look at the role that finance plays via channeling workers' savings into pension funds and the role those pension funds play in investing in stock markets, investing in derivatives, and so on, which has to be traced through how that links to production.
[...] You're creating a global capitalism within which the American state and American capital have structural power.
The structural power comes from the fact that that the U.S. is still the dominant country in terms of technology. It's increasingly playing a crucial role in terms of what I raised before--business services, accounting, legal, consulting, engineering, and of course finance. There's more concentration of American power in finance than there is in other sectors. So it's very important not to see imperialism as being only about territorial intervention. And it's very important to understand that this kind of empire grows through actually spreading production, in a sense sharing production globally in a particular way.
[...] For Fukuyama, the freedom in liberalism and the choice in politics do not include the freedom to choose to oppose the singularity of a global market system, even to the meager extent of opposing by strengthening the nation state, let alone by daring to choose something other than capitalism. His is the freedom to choose after all the major political, economic, and social decisions have already been made.
[...] Even as myths of cyberspace reveal the unique power that people attribute to this age, these myths also mask the continuities that make the power we observe today, for example in the global market and in globe-spanning companies like Microsoft and IBM, very much a deepening and extension of old forms of power. These patterns of mutual constitution between culture and political economy, specifically between myth and power, suggest not a mythic radical disjunction from history, but a strengthening, albeit in a different mythic client, of old forms of power.
Looking at the history of technology literally puts us in our place by suggesting that rather than ending time, space, and social relations as we have known them, the rise of cyberspace amounts to just another in a series of interesting, but ultimately banal exercises in the extension of human tools. They are potentially very profound extensions, but not enough to warrant claims about the end of anything, other than the end of a chapter in a seemingly never ending story. [...]
Digitization takes place along with the process of commodification or the transformation of use to exchange or market value. The expansion of the commodity form provides what amounts to the material embodiment for digitization. It is used first and foremost to expand the commodification of information and entertainment content, enlarge markets in the audiences that take in and make use of digitized communication, and deepen the commodification of labor involved in the production, distribution and exchange of communication. Digitization takes place in the context of powerful commercial forces and also serves the advance the overall process of commodification worldwide. In other words, commercial forces deepen and extend the process of digitization because it enables them to expand the commodity form in communication. From a cultural or mythic perspective, cyberspace may be seen as the end of history, geography, and politics. But from a political economic perspective, cyberspace results from the mutual constitution of digitization and commodification.
Digitization expands the commodification of content by extending opportunities to measure and monitor, package and repackage entertainment and information. [...] Initially, commodification was based on a relatively inflexible system of delivering a batch of channels into the home and having viewers pay for the receiver and for a markup on products advertised over the air. The system did not account for different use of the medium; nor did it make any clear connection between viewing and purchasing. It amounted to a Fordist system of delivering general programming to a mass audience which was marketed to advertisers for a price per thousand viewers. Each step along the way to the digitzation of television has refined the commmodification of content, allowing for the flow to be "captured" or, more precisely, for the commodity to be measured, monitored and packaged in increasingly more specific and customised ways. [...]
really excellent
[...] It demonstrates how deeply entrenched the largest internet companies and their surveillance model is with the profit system. They’re just in the bone marrow of modern capitalism — of our modern political economy. To go after that is basically going after the whole system, in a way. It would require that sort of organizing campaign.
Or to put it in terms of media analysis: no significant economic interests wish to open up critical public examination of the surveillance model of capitalism, so that means none of our political establishment — Republicans or Democrats — has any incentive to go there. Those few journalists who remain have little to work with from the official sources they rely upon, so the matter dies. It is no longer “news.”
on the Cambridge Analytica scandal demonstrating "the extremely close connection between commercial media, politics, and our everyday lives"
Most of the people who designed the internet didn’t want it to be a commercial medium, and that’s why they made it that way. The problem with that for capitalism was that it didn’t make for a very successful commercial model. In the 1990s, there was endless talk of locating the “killer app,” the digital goose that would lay the golden eggs. Capitalists knew the internet was changing everything, but it seemed resistant to commercial exploitation. By the middle of the 1990s, Madison Avenue and the corporate community realized that if they were going to really have the internet be the nervous system of modern society, they had to make it advertiser friendly, they had to make it profit friendly. They had to commercialize it, and the crucial thing to doing that was introducing the capacity and the protocols for surveillance, knowing who exactly is online, everything about them. That began in earnest in the late 1990s and changed the entire logic of the internet — turned it on its head in many respects.
in response to:
at the heart of it all is the commercial principle driving our media system. This is of course what’s left out of the mainstream accounts of it. Could you lay out where you think the connections are between the commercialization of media and the way in which Facebook has now been harnessed to these very
worrying political ends?
[...] here was a technology that conceivably could give corporations infinitely more power over consumers, not simply to advertise products, but to make sales. But that required wrestling away people’s ability to maintain their privacy, and doing so without their awareness of what was being done to them.
This movement was led, appropriately enough, by Procter & Gamble. The key was to find a way of tracking people’s internet activity so you could know who they were, where they were, and you could collect data on them. It didn’t begin all at once. It wasn’t an overnight 180-degree turn, but that process was underway by the mid-nineties, and then it was expanded to where we are today over the next decade.
Why, so early on, was it understood that the key to turning the internet into a commercial medium would be this tracking and surveillance capacity?
explaining that advertisers were ones driving it initially, recognising that no one would choose to view an ad