moral depreciation
(en)
a Marxist term for a form of depreciation resulting from a new replacement providing greater use value (think technology)
Highlighted phrases
moral depreciation
Its wear and tear is what Marx (1867c, 528) called "moral depreciation": it is caused by competition and the drive of companies to establish new versions of informational commodities [...] in order to accumulate ever more capital
on information
notable
6 years, 11 months ago