by
Nick Srnicek
1
Introduction
0
terms
2
notes
5
[...] digital technology is becoming systematically important, much in the same way as finance. As the digital economy is an increasingly pervasive infrastructure for the contemporary economy, its collapse would be economically devastating. Lastly, because of its dynamism, the digital economy is presented as an ideal that can legitimate contemporary capitalism more broadly. The digital economy is becoming a hegemonic model: cities are to become smart, businesses must be disruptive, workers are to become flexible, and governments must be lean and intelligent. [...]
defining digital economy as underlying other industries that rely on IT
thus it's the most dynamic sector of the contemporary economy
[...] digital technology is becoming systematically important, much in the same way as finance. As the digital economy is an increasingly pervasive infrastructure for the contemporary economy, its collapse would be economically devastating. Lastly, because of its dynamism, the digital economy is presented as an ideal that can legitimate contemporary capitalism more broadly. The digital economy is becoming a hegemonic model: cities are to become smart, businesses must be disruptive, workers are to become flexible, and governments must be lean and intelligent. [...]
defining digital economy as underlying other industries that rely on IT
thus it's the most dynamic sector of the contemporary economy
6
[...] capitalism has turned to data as one way to maintain economic growth and vitality in the face of a sluggish production sector. [...]
think about this in the context of Immanuel Wallerstein's World-Systems theory & running out of markets to expand to
but this is just an easy temporary fix, akin to deleting a few stale keys in redis when you run out of memory (or actually that's not a good analogy--think of a better one)
[...] capitalism has turned to data as one way to maintain economic growth and vitality in the face of a sluggish production sector. [...]
think about this in the context of Immanuel Wallerstein's World-Systems theory & running out of markets to expand to
but this is just an easy temporary fix, akin to deleting a few stale keys in redis when you run out of memory (or actually that's not a good analogy--think of a better one)