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archive/dissertation

Nick Srnicek, Douglas Rushkoff, Robert W. McChesney, Christian Fuchs, Tim O'Reilly, Franklin Foer, McKenzie Wark, Mark Andrejevic, Evgeny Morozov, Wolfgang Streeck

possibly relevant for my dissertation

[...] He suggests that we are on the cusp of an open access revolution that will overcome capitalism, heralding a new mode of production based on the principles championed by the likes of Swartz (whom he does not mention). According to Mason, there is now a massive and irreconcilable contradiction between the forces of production (new technologies that promote sharing, peer production and counter-capitalist practices of open access) and the relations of production (based on private property, paywalls and the enforcement of laws that Swartz aimed to challenge). Mason places great emphasis on endogenous technological change (first posited by Paul Romer), claiming that because information is infinitely replicable, with a margin or reproduction cost of zero, the price mechanism is eroded since it can no longer be based on scarcity, supply and demand and so forth. Songs on an iPod don’t degrade with use and those same zero-marginal cost processes will soon infiltrate physical goods too as they acquire digital components. In this environment, firms must (a) simply invent a commodity’s price and (b) create a monopoly to shore up its value. As far as Mason is concerned, such structures are swimming against the tide, swiftly becoming obsolete as a new economic dawn arrives.

[...]

We should not believe for one minute that multinational firms are embarrassed by this outrageous income, as Mason implies, perhaps even backing down in shame. No, these institutions instead tend to react like an outraged monarch, displaying egregious aggression to preserve their right to extract wealth unhindered, since the profit margins are so lucrative yet based on such flimsy grounds. [...]

—p.50 Wreckage Economics (40) by Peter Fleming 8 years, 10 months ago

It was only inevitable that the so-called ‘sharing economy’ would develop out of these socio-economic conditions. Technology, desperation and the continuing individualisation of culture has seen this industry dramatically expand in the USA, UK and elsewhere. Governments now officially speak about its importance and contribution to a nation’s economic wellbeing. The sharing economy has a list of alternative titles that make it look as if we are entering into a new age of utopian collectivism where amateurish goodwill reigns supreme: the peer economy, networked economy, on-demand economy, collaborative economy, gig economy and so forth. But once again we see a typical feature of wreckage economics behind the trend. Business platforms such as Airbnb ride on the informal economy, opportunistically exploiting the insecurity that has become a norm under crisis capitalism. The once laudable commons-based system of peer production has been commercialised by big business using old school middle-man or rentier tactics, thereby generating profits without production. They say that it’s about saving ‘waste’ (idle cars could be taxies, empty bedrooms could be holiday accommodation, etc.). But it’s really a method of exploiting the societal devastation that has unfolded following the recession. [...]

[...]

[...] Uber, Deliveroo, TaskRabbit and similar firms function through a three-stage process: seek an impoverished sector of society, capture their time and resource (with minimal investment costs) and then present that resource to a customer for a surcharge. This is why some have suggested that the sharing economy is more about access.

I feel so validated

—p.202 Microeconomics (really is) for Dummies (172) by Peter Fleming 8 years, 10 months ago

[...] 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.

—p.60 Cyberspace and the End of History (55) by Vincent Mosco 8 years, 1 month ago

[...] 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.

—p.83 Cyberspace and the End of History (55) by Vincent Mosco 8 years, 1 month ago

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. [...]

—p.119 When Old Myths Were New: The Ever-Ending Story (117) by Vincent Mosco 8 years, 1 month ago

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

—p.156 From Ground Zero to Cyberspace and Back Again (141) by Vincent Mosco 8 years, 1 month ago

So an ATTENTION ARMS RACE is set up: the more a market society becomes mediatized, the more it must dedicate a significant proportion of its activity to the production of demand, investing ever greater resources into the machinery of attention attraction. Like military arms races, this attention arms race is in itself a tragic waste, thanks to a sub-optimal organization of inter-human relations. [...]

fb/etc investing in making the product more addictive, and making it possible to show more ads (extract more ad-watching time from the viewer) in order to ensure revenue growth

—p.58 Attentional Capitalism (44) by Yves Citton 8 years, 11 months ago

[...] the phenomena of alignment, convergence, synchronization and concentration of attention brought about by PageRank would remain innocent enough if the attention economy wasn't completely overdetermined by the quest for financial profit that has now been elevated to a condition of survival.

[...] the PRINCIPLE OF COMMODIFICATION which seeks to submit attentional flows to needs and desires that will maximize financial returns. If, as an attention condenser, PageRank exemplifies the extraordinary power of the digitalization of our minds, as a capitalist enterprise, Google exemplifies the most harmful control that it is possible to imagine the vectoralist class exercising over our collective attention. [...]

—p.73 The Digitalization of Attention (63) by Yves Citton 8 years, 11 months ago

The new populist leaders recognize that they aspire to national leadership in an era in which national sovereignty is in crisis. The most striking symptom of this crisis of sovereignty is that no modern nation-state controls what could be called its national economy. [...]

control has been ceded to the global capitalist class

—p.2 Democracy fatigue (1) by Arjun Appadurai 8 years, 8 months ago

This, then, is what the leaders of the new authoritarian populisms have in common: the recognition that none of them can truly control their national economies, which are hostages to foreign investors, global agreements, transnational finance, mobile labour and capital in general. [...]

—p.5 Democracy fatigue (1) by Arjun Appadurai 8 years, 8 months ago