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How Silicon Valley Unleashed Techno-feudalism: The Making of the Digital Economy

Description: FREE SHIPPING UK WIDE How Silicon Valley Unleashed Techno-feudalism by Cédric Durand, David Broder The promise of the New Economy gone, we have regressed into the age of techno-feudalism FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Inequality, stagnant productivity, endemic instability... The new economy has not arrived. Algorithms are ubiquitous, but this does not mean that capitalism has become civilized. On the contrary.Instead, as a result of the digitalization of the world, a great regression has occurred. The return of monopolies, the dependence of subjects on platforms, the blurring of the distinction between the economic and the political: the mutations at work are transforming the quality of social processes and giving a new relevance to feudalism. Techno-feudalism reconfigures a history if the Silicon Valley consensus and highlights the five paradoxes that undermine it. The central thesis is then unfolded, punctuated by developments on GAFAs, global value chains or the Chinese social credit system. Large firms compete in cyberspace to gain control over data sources. Subjects are attached to the digital glebe. In the emerging economic order, capital is moving away from production to focus on predation. Author Biography Cédric Durand is Professor of Political Economy at the University of Geneva and a member of the Centre déconomie Paris Nord. He is the author of Fictitious Capital. How Finance Appropriates Our Future. He is a regular contributor to the online journal Contretemps and to Sidecar, the blog of the New Left Review. Table of Contents Preface to the English-Language EditionIntroduction 1. The Poverty of the Californian Ideology2. On Digital Domination3. The Rentier Class of the Intangible World4. The Techno-Feudal HypothesisConclusion: Fortunes and Misfortunes of SocialisationAppendix IAppendix IIAcknowledgementsIndex Review A must-read on the ongoing debate on techno-feudalism. A great book! -- Thomas PikettyCédric Durands book adds to the excitement. He treats Big Tech as monopoly capitalists whose digital platforms (e.g. Facebook, Amazon) function like utilities (e.g. electricity providers, water and sewage corpoations, railway networks or phone companies), except that Big Tech use the cloud to harvest our data so as to boost their monopoly power over us. -- Yanis Varoufakis, author of Technofeudalism: What Killed CapitalismThe publication of this book by the French economist Cédric Durand represents the most sustained attempt so far at a serious consideration of the economic logics involved. -- Evgeny Morozov * New Left Review *What does Big Tech want? Cédric Durand helps us see that an industry built on size tends towards the capture and monetization of all existing social relationships. This is a handbook for we Lilliputians trying to bind Gulliver -- Quinn Slobodian, author of Crack-Up CapitalismCédric Durand is always insightful and his latest book is a must read to make sense of our age of overlapping crises and chaos. He sketches technofeudalism as a dystopia - not of a future to come but of the present we live in. The Silicon Valley Consensus has promised for everyone to become a start-up entrepreneur but instead gave rise to monopolies that command unprecedented power, structuring economies, societies and lived experiences around the globe. -- Isabella Weber, author of How China Escaped Shock TherapyIf you want to understand how platform capitalism is turning into a predatory form of techno-feudalism and how the digital economy is radically transforming politics, society, and our everyday lives, read this book. An essential and fascinating analysis of the ideology and political economy of the digital age. -- Matthias Schmelzer, co-author of The Future Is DegrowthA sparkling, provocative and must-read analysis of contemporary capitalism. To understand how economic power relations unfold amid technology and how this has altered capital accumulation, Durand simultaneously captures general trends and the underlying mechanisms and dynamics at play. While many agree on todays growing concentration and resulting inequalities, this book offers a unique explanation of the sources of economic (and political) power. In the wake of the AI fever, reading it becomes even more indispensable. -- Cecilia Rikap, author of Capitalism, Power and InnovationThe technofeudalist model involves establishing a monopoly position and using sophisticated data extraction to secure it... Durand invokes the world of Jean-Luc Godards 1965 dystopian sci-fi film Alphaville, in which a dictatorial sentient computer rules society down to the most personal decisions. -- Malcolm Harris * New York Magazine *Durand has provided a very insightful view of finance-driven capitalism over the last three decades. Why was it able to prosper alongside sagging investment and plummeting productivity gains? The answer, argues Durand, lies in the tight connection between the shareholder value principle and the globalization of the real economy. -- Michel Aglietta Promotional Do we still live in a bad old capitalist system or in a new evil one? This book argues that, with the digitalization of the world, a great regression occurs which has given a new relevance to feudalism Details ISBN1804294381 Pages 240 Publisher Verso Books Year 2024 ISBN-13 9781804294383 Format Hardcover Imprint Verso Books Place of Publication London Country of Publication United Kingdom Translated from French NZ Release Date 2024-04-09 Author David Broder Subtitle The Making of the Digital Economy Audience General Translator David Broder Language English ISBN-10 1804294381 DEWEY 381.142 AU Release Date 2024-12-02 Publication Date 2024-09-17 UK Release Date 2024-09-17 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. 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How Silicon Valley Unleashed Techno-feudalism: The Making of the Digital Economy

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Format: Hardcover

Language: English

ISBN-13: 9781804294383

Author: Cdric Durand, David Broder

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Book Title: How Silicon Valley Unleashed Techno-feudalism

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