How Silicon Valley Unleashed Techno-feudalism: The Making of the Digital Economy
Product Code: 9781804294390
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How Silicon Valley Unleashed Techno-feudalism:
The Making of the Digital Economy
by Cédric Durand
Translated by David Broder
The promise of the ‘new economy’ gone, we have regressed into the age of techno-feudalism
The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn’t deliver. Today, algorithms are everywhere, but digital monopolies push us towards the feudal logic of rent, dispossession, and personal domination. How Silicon Valley Unleashed Techno-feudalism tears apart the Silicon Valley consensus to reveal the new economic order, in which capital has abandoned production to focus on predation.
A must-read on the ongoing debate on techno-feudalism. A great book!
Thomas Piketty
Cédric Durand's 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 Capitalism
The 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
The Making of the Digital Economy
by Cédric Durand
Translated by David Broder
The promise of the ‘new economy’ gone, we have regressed into the age of techno-feudalism
The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn’t deliver. Today, algorithms are everywhere, but digital monopolies push us towards the feudal logic of rent, dispossession, and personal domination. How Silicon Valley Unleashed Techno-feudalism tears apart the Silicon Valley consensus to reveal the new economic order, in which capital has abandoned production to focus on predation.
A must-read on the ongoing debate on techno-feudalism. A great book!
Thomas Piketty
Cédric Durand's 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 Capitalism
The 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
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