• culpritus [any]
    ·
    3 years ago

    ya, when it's no longer about owning the means of production, is it really still capitalism ... or maybe something worse? Monopolizing digital platforms and extracting value from the flows of information is a whole new kind of exploitation. There's many similarities, but it's not the same old thing anymore.

    • AcidSmiley [she/her]
      ·
      3 years ago

      I mean, it's about owning capital, i'd say that is still capitalism. Moving away from just owning the means of production and more and more towards finance etc. was something that Marx correctly predicted for capitalism, the beginnings of that process where already visible when the dude was alive, even though he could obviously not foresee how technological developments a century and a half later would shape and speed up that process.

      • culpritus [any]
        ·
        3 years ago

        I'm not trying to critique Marx here. Just trying to encourage folks to engage with material reality in the present.

        • AcidSmiley [she/her]
          ·
          3 years ago

          No worries, i get that and it's a good idea to do just that. Merely saying that from a superficial glance, i personaly would say "yup, that's still capitalism", but i'm about as far from being good at macroeconomics as it gets.

          • culpritus [any]
            ·
            3 years ago

            if you want to get some more of this perspective, it is based off ideas from McKenzie Wark

            here's some videos

            shorter: https://www.youtube.com/watch?v=eiV0wS_in-4

            longer: https://www.youtube.com/watch?v=9wBZVEnqocI