
Platform Capitalism (Theory Redux)

dollar was devalued in the Plaza Accord (1985);
Nick Srnicek • Platform Capitalism (Theory Redux)
platforms are digital infrastructures that enable two or more groups to interact.
Nick Srnicek • Platform Capitalism (Theory Redux)
alternatives forms of control via reputation systems,
Nick Srnicek • Platform Capitalism (Theory Redux)
Lean platforms operate through a hyper-outsourced model, whereby workers are outsourced, fixed capital is outsourced, maintenance costs are outsourced, and training is outsourced.
Nick Srnicek • Platform Capitalism (Theory Redux)
collective cooperation and knowledge become a source of value.
Nick Srnicek • Platform Capitalism (Theory Redux)
advertising platforms
Nick Srnicek • Platform Capitalism (Theory Redux)
One of the most important consequences of this schematic model of capitalism is that it demands constant technological change. In the effort to cut costs, beat out competitors, control workers, reduce turnover time, and gain market share, capitalists are incentivised to continually transform the labour process.
Nick Srnicek • Platform Capitalism (Theory Redux)
an effort to increase the nominal wealth of companies and households and hence their propensity to invest and consume.
Nick Srnicek • Platform Capitalism (Theory Redux)
productivity growth is a change in social relationships, particularly property relationships.