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For more than two decades, Douglas Rushkoff has provided incisive commentary on our increasingly connected, digitized, and corporatized world. From Cyberia: Life in the Trenches of Cyberspace to Life Inc.: How the World Became a Corporation and How to Take It Back to his newest, Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity, he’s chronicled both the promise and the peril of of a global society being remade by the Internet and high-tech corporations.dou
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The profit-driven business model of the tech industry treats products primarily as a source of revenue rather than an end in themselves.
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Excerpted from a critique of the PostCapitalism thesis by Kate Aronoff: “Matt Taibbi wrote in 2010, banks are a “highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.” Technology is just another hurdle they can ably …
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Excerpted from a review by Donald Gillies in real-world economics review, issue no. 73: “The central thesis of the book is that because of new technologies (the internet and associated developments), capitalism is in decline and is likely to be replaced within a few decades by an entirely new socio-economic system – PostCapitalism. As Paul …
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David Solomonoff, who monitors the intersection between the real and the virtual, cites the article by David Morris (in Aeon magazine) who writes about the Decentralized Autonomous Corporations that operate with minimal human intervention after being put in motion:
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A campaign which highlights the true reality of poverty while pointing the way towards real solutions for a fair and sustainable world.
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As the neoliberal revolution instigated by Reagan and Thatcher in the 1980 has spread, however, Polanyi has been rediscovered.
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This is really good panel on the necessary cooperative forms for the sharing economy: ““Given the mounting attention to the unethical labor practices in the so-called “collaborative sharing economy” with labor brokerages like Handy and Uber, what are the alternatives? Imagine for one moment that the algorithmic heart of any of these citadels of anti-unionism …
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Being involved with FairCoop has piqued my interest in the direct use of finance for activist means, and reading Brett Scott’s excellent “The Heretic’s Guide to Global Finance: Hacking the Future of Money”I have become aware of various attempts to do just that. Whereas FairCoop (and the related cryptocurrency Faircoin) seek to establish a parallel financial ecosystem based around social justice and fair trade, there are other projects attempting to ‘hack’ the mainstream financial system in order to use it as a means to increase equality in the world rather than, as generally seems to be the case on looking around me, to substantially decrease it.
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Occupy Banking: a perverse system based on debt with these institutions – who have never been voted in democratically – is hijacking our sovereignty.
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“Thanks for this book, Michel and Vasilis. “Future Scenarios for a Collaborative Economy” is exceedingly timely and I would recommend it to anyone interested in the Commons specifically, or in political economy more generally. In response, I’ve written something in between a review and a letter to the authors. I address Michel because he posted it. Hopefully he will respond to a few of my comments!
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Back in the days, one of the proposed demands of the Free Culture Forum in Barcelona, was for proprietary platforms to re-invest 15% of profit back into the community of contributors, but without turning the contributions into commodities, to avoid a return to pure production for money.
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“In the current debate concerning the rise and consequences of “cognitive capitalism”, a new discourse is developing around the concept of a “social knowledge economy”. But what does a social knowledge economy mean and what are its implications for the ways in which a society and an economy are ordered?
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The Sharing Economy has to be a genuine form of economic sharing that addresses the power structures and politics that maintain an unjust status quo
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From an in-depth conversation of Robin Murray with Jeremy Gilbert and Andrew Goffey for New Formations magazine: (Note from editor Michel Bauwens: please note that Robin here confuses our concept of Netarchical Capitalism with that of anarcho-capitalism or distributed capitalism) Robin Murray: “Platforms are a new kind of economy, in which you can talk about …
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"The commons works best by consensus and, unlike capitalism, does not depend on constant growth." Derek Wall on economics after capitalism.
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A panel on the future of work and whether machines will really make workers obsolete.
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* Article: The Exit from Capitalism has Already Begun. André Gorz. Translated by Chris Turner. Cultural Politics: an International Journal, Volume 6, Number 1, March 2010 , pp. 5-14(10). Berg Publishers Excerpted from an introduction by Chris Turner: “Though hailed at his death by Nicolas Sarkozy (of all people) as “a major intellectual figure of …
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Republished from Esko Kilpi: “Over the past years, mobile technologies and the Internet have laid the foundation for a very small size, low-cost enterprise with the potential for managing large numbers of business relationships. The impact of these new actors has been hard to grasp because we are used to thinking about work from a …
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On Ouishare Fest and the gaping contradiction between the utopian possibilities and the hyper-capitalist realities of the sharing economy.
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The latest issue of Boston Review has a lively forum on the growing power of network platform based businesses such as Amazon, Uber and Airbnb.
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We want to finance the team that is already working on the launch of the #OccupyBanking campaign with the intention of placing at the center of public debate the total lack of democracy of the European Central Bank (ECB) and large private banks who control the monetary system, and especially the creation of money. A perverse system based on debt with these institutions – who have never been voted in democratically – hijacking our sovereignty. The #OccupyBanking campaign also wants to be the spearhead for creating the conditions that allow the #ReturnWithFreedom of the activist Enric Duran.
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“Thanks for this book, Michel and Vasilis. “Future Scenarios for a Collaborative Economy” is exceedingly timely and I would recommend it to anyone interested in the Commons specifically, or in political economy more generally. In response, I’ve written something in between a review and a letter to the authors. I address Michel because he posted it. Hopefully he will respond to a few of my comments!
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Thus, like capitalists, voluntary producers, come to market twice. Fist time as buyers, the second time for the lulz. However, unlike capitalists their circuit is not completed, because the lulz do not enable them to be buyers again, do not allow for them to acquire the inputs they need to repeat such production.
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