[P2P-F] Fwd: What Can Platform Capitalism Do For You? Not Much.

Thu May 17 21:39:11 CEST 2018

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From: piqd - your piqs of the day <dailydigest at piqd.com>
Date: Thu, May 17, 2018 at 2:30 AM
Subject: What Can Platform Capitalism Do For You? Not Much.
To: Michel Bauwens <michelsub2004 at gmail.com>

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What Can Platform Capitalism Do For You? Not Much.
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What Can Platform Capitalism Do For You? Not Much.
<https://www.piqd.com/tracking/technology-politics/what-can-platform-capitalism-do-for-you-not-much?cid=627eed218b467b80645dd5ce5b66b877&ref=dailydigest&source=DailyDigestEmail&utm_campaign=viewpiq&utm_content=2018-05-17&utm_medium=email&utm_source=dailydigest>

What's a "platform”?

You might most readily associate the term with social media platforms like
Facebook and Twitter. But more broadly it's become a way of understanding
the current economic system at large, via the idea of “platform
capitalism.” In a platform capitalist system, the business owners who offer
infrastructures (platforms) reap the rewards, whereas the workers who offer
their services through such platforms are endlessly bled dry. Think of
Uber, who only actually owns the intellectual property and brand name of
their software, but doesn't own the actual cars—and doesn't have to offer
the workers who drive the cars the benefits of a regular non-platform
employer.

In this LARB essay, Leif Weatherby writes of such a system:

“The situation resembles feudalism more than a bit."

But are platforms an actual shift in economics comparable to something like
the industrial revolution, or just an element of the same system we've
always had?

To find out, Weatherby reviews recently published books that try to
understand the phenomenon. The literature he quotes from is varied in
discipline, from pop psychology to architecture analysis, but he manages to
draw a few cogent theses from the array—for instance, that we have to stop
thinking of online platforms as “vapor superimposed on a fundamentally
sound social-economic structure that will remain when it disperses,” and
rather a new substrate for exchange and existence.

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Source: Leif Weatherby | lareviewofbooks.org on

Delete Your Account: On the Theory of Platform Capitalism - Los Angeles
Review of Books

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