Platform Capitalism by Nick Srnicek
Dec. 28th, 2017 09:56 pmThe Blurb On The Back:
What unites Google and Facebook, Amazon and Microsoft, Siemens and GE, Uber and Airbnb? Across a wide range of sectors, these firms are turning into platforms: businesses that provide the hardware and software foundation for others to operate on. This transformation signals a major shift in how capitalist firms operate and how they interact with the rest of the economy: the emergence of ‘platform capitalism’.
Platform Capitalism critically examines these new business forms, tracing their genesis from the long downturn of the 1970s to the boom and bust of the 1990s and the aftershocks of the 2008 crisis. It shows how the foundations of the economy are rapidly being carved up among a small number of monopolistic platforms and how the platform introduces new tendencies within capitalism that pose significant challenges to any vision of a post-capitalist future. This book will be essential reading for anyone who wants to understand how the most powerful tech companies of our time are transforming the global economy.
( The Review (Cut For Spoilers): )
The Verdict:
Nick Srnicek is a Lecturer at City University, London and in this fascinating and timely book he analyses the activities of major tech companies in the context of the wider capitalist economy, drawing on examples from economic history (notably the dot com crash and 2008 financial crisis) to argue that data is being used to maintain economic growth amid the wider slow down in productivity and what this means for the future.
Thanks to the Amazon Vine Programme for the review copy of this book.
What unites Google and Facebook, Amazon and Microsoft, Siemens and GE, Uber and Airbnb? Across a wide range of sectors, these firms are turning into platforms: businesses that provide the hardware and software foundation for others to operate on. This transformation signals a major shift in how capitalist firms operate and how they interact with the rest of the economy: the emergence of ‘platform capitalism’.
Platform Capitalism critically examines these new business forms, tracing their genesis from the long downturn of the 1970s to the boom and bust of the 1990s and the aftershocks of the 2008 crisis. It shows how the foundations of the economy are rapidly being carved up among a small number of monopolistic platforms and how the platform introduces new tendencies within capitalism that pose significant challenges to any vision of a post-capitalist future. This book will be essential reading for anyone who wants to understand how the most powerful tech companies of our time are transforming the global economy.
( The Review (Cut For Spoilers): )
The Verdict:
Nick Srnicek is a Lecturer at City University, London and in this fascinating and timely book he analyses the activities of major tech companies in the context of the wider capitalist economy, drawing on examples from economic history (notably the dot com crash and 2008 financial crisis) to argue that data is being used to maintain economic growth amid the wider slow down in productivity and what this means for the future.
Thanks to the Amazon Vine Programme for the review copy of this book.