the making of the digital economy Durand, Cédric creator author Broder, David translator text bibliography enk London Brooklyn, NY Verso 2024 2024 English-language edition. monographic eng fre

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ix, 230 pages : illustrations ; 22 cm The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn’t deliver. Certainly, algorithms are everywhere, but capitalism is no more civilised than ever. In fact, in the hands of private corporations, the digitalisation of the world drives us towards a darker future. The return of monopolies, the dominance of a few platforms, the blurred distinction between the economic and the political all epitomise a systemic mutation. Information and data networks push the digital economy in the direction of the feudal logic of rent, dispossession, and personal domination. How Silicon Valley Unleashed Techno-feudalism offers a fresh genealogy of the Silicon Valley consensus and its contradictions. It disentangles the principles of an emerging systemwide rationale. Large firms compete in cyberspace to gain control over data, and ordinary people are increasingly at the mercy of tech giants. In this new economic order, capital is moving away from production to focus on predation. 1. The Poverty of the Californian Ideology — 2. On Digital Domination — 3. The Rentier Class of the Intangible World — 4. The ‘Techno-Feudal’ Hypothesis — Conclusion : Fortunes and Misfortunes of Socialisation. general Cédric Durand ; translated by David Broder. Includes bibliographical references and index. In English, translated from the French. Information technology Economic aspects Knowledge economy Electronic commerce Capitalism History 21st century HC79.I55 D87413 2024 9781804294383 2024016823 DLC 240422 20250703144746.0 991107405145306196 eng