Abstract

How does the platform digital economy, which has emerged as a new business model, appear in terms of the long history of capitalism? The irony is that there is a tendency to monopolize the DNA of the platform industry based on value-based “network effects”. As long as these companies are born and grown in a capitalist environment, they cannot escape the laws of capitalist competition. “More users → more interactions → more data → more value”. Given that the initial dominance tends to solidify into a permanent position leading the industry, it is inevitably a foregone conclusion that these platform capital will turn into a monopoly.
 So if the state owns it, it will be like China. Nick Surnick's answer to this is a “public platform” or “decapitalist platform”. State regulations that we can easily think of - such as prohibiting monopolies, blocking exploitative lean platforms, protecting privacy and avoiding tax evasion - are urgently needed, but this is a minimal step and cannot address the structural conditions that have brought these companies to life. And with a cooperative platform, it is not powerful to confront strong platform monopolies.
 As Nick Sernick argues in platform capitalism, capitalist contradictions occur and the big flow and direction of resolving them should not be forgotten. A way to promote technology with everyone's ownership, control and democratic participation and distribution as a “public platform” or “decapitalist platform”. It's not new, but it's not like I've ever been, but the path of widowhood still lies ahead of us. It will be necessary for the state to exercise the necessary regulatory power and invest in the development of public platform technology, making it a de-capitalist platform.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call