Policy Press

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The Political Economy of Digital Monopolies

Contradictions and Alternatives to Data Commodification

By Paško Bilić, Toni Prug and Mislav Žitko

Published

Jul 16, 2021

Page count

230 pages

ISBN

978-1529212372

Dimensions

234 x 156 mm

Imprint

Bristol University Press

Published

Jul 16, 2021

Page count

230 pages

ISBN

978-1529212396

Dimensions

Imprint

Bristol University Press
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Published

Jul 16, 2021

Page count

230 pages

ISBN

978-1529212396

Dimensions

Imprint

Bristol University Press
The Political Economy of Digital Monopolies

At a time when the practices of technology companies continue to attract fierce criticism, this book asks what it actually means to hold a 'monopoly' in the tech world and how it might affect the way in which an organization operates.

Combining new and traditional Marxian perspectives, the authors offer an in-depth analysis of how these technology giants are produced, financialized, and regulated.

As technology firms continue to shape our political and socio-economic landscape, this book will be an invaluable resource for scholars and students who seek to understand the function of technological monopolies in contemporary capitalism.

"Our world has come to be dominated by a few giant high-tech corporations whose power and impact have, rightly, drawn much comment. However, rigorous analysis of their financial and monopolistic character is scarce. In this thoughtful book the authors creatively apply Marxist theory to help us understand the role and significance of these digital titans." Peter Golding, Northumbria University

"The utopian promises made at the start of 'the digital age' have not come true. If you wish to understand why – and why Marx remains indispensable – read this book!" Tony Smith, Iowa State University

"In this thoroughly researched and clearly written book, critical theory confronts the concentration of power in cyber-monopolies to advance our understanding of digital capitalism. The authors skilfully assess proposals for both reform and social transformation." Vincent Mosco, author of The Smart City in a Digital World

Paško Bilić is a research associate at the Institute for Development and International Relations in Zagreb.

Toni Prug is an independent researcher based in Croatia.

Mislav Žitko is a lecturer in Philosophy at the University of Zagreb.

1. Introduction: Context of Digital Monopolies

2. Production, Circulation, and the Science of Forms: Theoretical Foundations

3. Marxian Perspectives on Monopolies

4. Platforms, Advertising, and Users

5. Financialization and Regulation

6. Controlling, Processing, and Commercializing Data

7. Conclusion: Contradictions and Alternatives to Data Commodification