Tech capital flows trans-borders where new ecosystem of digital platforms has emerged over the past decade that is transforming the very infrastructures of capitalism. This new business model of large monopolistic digital platforms are capable of extracting immense amounts of data overwhelming legacy enterprises and suppressing labour empowerment, (Paul Langley and Andrew Leyshon, 2020).
This is “netarchical capitalism”, where infrastructure is “in the hands of centralized privately owned platforms”, (Nick Srnicek, Platform Capitalism, 2017).
Information and infrastructural platforms have empowered a new kind of ruling class. Through the ownership and control of information, this emergent class dominates not only labour but capital.
Big Tech companies like Amazon and Google can now dominate the entire production chain through the ownership of brands, patents, copyrights, and logistical systems through financialization capitalism via a neo-imperialism monopoly-capital pathway.
Thanks a heap for reading our postings and viewing the videos :
with solidarity,
Please continue to support our research-writings endeavour and media productions
