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Capitalism, Power and Innovation : Intellectual Monopoly Capitalism Uncovered
In contemporary global capitalism, the most powerful corporations are innovation or intellectual monopolies.The book’s unique perspective focuses on how private ownership and control of knowledge and data have become a major source of rent and power.The author explains how at the one pole, these corporations concentrate income, property and power in the United States, China, and in a handful of intellectual monopolies, particularly from digital and pharmaceutical industries, while at the other pole developing countries are left further behind. The book includes detailed empirical mappings of how intellectual monopolies develop and transform knowledge from universities and open-source collaborations into intangible assets.The result is a strategy that combines undermining the commons through privatization with harvesting from the same commons.The book ends with provoking reflections to tilt the scale against intellectual monopoly capitalism and arguing that desired changes require democratic mobilization of workers and citizens at large. This book represents one of the first attempts to capture the contours of an emerging new era where old perspectives lead us astray, and the old policy toolbox is hopelessly inadequate.This is true for the idea that the best, or only, way to promote innovation is to transform knowledge into private property.It is also true for anti-trust policies focusing exclusively on consumer prices.The formation of global infrastructures that lead to natural monopolies calls for public rather than private ownership. Scholars and professionals from the social sciences and humanities (in particular economics, sociology, political science, geography, educational science and science and technology studies) will enjoy a clear and all-embracing depiction of innovation dynamics in contemporary capitalism, with a particular focus on asymmetries between actors, regions and topics.In fact, its topical issue broadens the book’s scope to those curious about how innovation networks shape our world. Capitalism, Power and Innovation has won the Joan Robinson Prize, which is awarded biennially for the best monograph on a theme broadly in accord with the European Association for Evolutionary Political Economy (EAEPE) theoretical perspectives.
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Critical Craft : Technology, Globalization, and Capitalism
From Oaxacan wood carvings to dessert kitchens in provincial France, Critical Craft presents thirteen ethnographies which examine what defines and makes ‘craft’ in a wide variety of practices from around the world.Challenging the conventional understanding of craft as a survival, a revival, or something that resists capitalism, the book turns instead to the designers, DIY enthusiasts, traditional artisans, and technical programmers who consider their labor to be craft, in order to comprehend how they make sense of it.The authors’ ethnographic studies focus on the individuals and communities who claim a practice as their own, bypassing the question of craft survival to ask how and why activities termed craft are mobilized and reproduced.Moving beyond regional studies of heritage artisanship, the authors suggest that ideas of craft are by definition part of a larger cosmopolitan dialogue of power and identity.By paying careful attention to these sometimes conflicting voices, this collection shows that there is great flexibility in terms of which activities are labelled ‘craft’.In fact, there are many related ideas of craft and these shape distinct engagements with materials, people, and the economy.Case studies from countries including Mexico, Nigeria, India, Taiwan, the Philippines, and France draw together evidence based on linguistics, microsociology, and participant observation to explore the shifting terrain on which those engaged in craft are operating.What emerges is a fascinating picture which shows how claims about craft are an integral part of contemporary global change.
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Capitalism, Development and Empowerment of Labour : A Heterodox Political Economy
The dominant neoliberal approach presents politics and political economy as nuisances which disturb the smooth operation of self-regulating markets.But political economy is not merely an academic issue – it is a class issue, and this book forcefully argues that political economy should return to a central position in the study of the social sciences. Offering nothing less than a reconciliation of Marxian, Keynesian and neoclassical economics, the work opens with a discussion of the key, interconnected economic concepts which help us to understand capitalism: price, income, profit, value, growth and crisis.Prices reflect income distribution and therefore class relations, and the chapters show that the very emergence of capitalism resulted from mass empowerment of the so-called "lower orders".Profit is always available if entrepreneurs spend on net investment and create incomes for additional labour; this, in turn, requires expanding demand, and so therefore profit depends on rising mass incomes.Conversely, underdevelopment is the result of the destitution and disempowerment of the masses.In the Global South today, it is clear that enormous riches go hand in hand with widespread misery and poverty because the market does not transform wealth into the kind of investment that might benefit all.This book argues that the new wealth triggered by productivity increases has enabled the rich to liberate themselves from the capitalist constraints of competition and waste their new wealth in the form of rents.The main threat today is, in fact, the globalisation of rent.The text makes a point for a progressive counter strategy: capitalist structures that empower labour need to be transferred to the Global South.This requires political and economic efforts towards empowering labour in the Global South. This book demonstrates the analytical power of political economy for all social scientists and will be invaluable reading for economists, political scientists and sociologists in particular.
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Innovation in Music: Technology and Creativity
Innovation in Music: Technology and Creativity is a groundbreaking collection bringing together contributions from instructors, researchers, and professionals.Split into two sections, covering composition and performance, and technology and innovation, this volume offers truly international perspectives on ever-evolving practices. Including chapters on audience interaction, dynamic music methods, AI, and live electronic performances, this is recommended reading for professionals, students, and researchers looking for global insights into the fields of music production, music business, and music technology.
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How does American capitalism differ from Russian capitalism?
American capitalism is characterized by a more free-market approach, with less government intervention in the economy compared to Russian capitalism. In the United States, there is a strong emphasis on private ownership, competition, and individual entrepreneurship. On the other hand, Russian capitalism has been influenced by its history of state control and government involvement in the economy, leading to a more centralized and oligarchic system. Additionally, the legal and regulatory frameworks in both countries differ, impacting the way businesses operate and compete in each respective market.
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Capitalism or democracy?
Capitalism and democracy are two distinct systems that can coexist but are not interchangeable. Capitalism is an economic system based on private ownership and the pursuit of profit, while democracy is a political system based on the principles of equality, freedom, and participation. While capitalism can thrive in a democratic society, it can also lead to inequality and exploitation if not regulated properly. Ultimately, both systems have their strengths and weaknesses, and a balance between the two is necessary for a fair and just society.
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Will capitalism remain?
It is difficult to predict the future with certainty, but capitalism has proven to be a resilient economic system that has adapted to various challenges over time. While there may be calls for reform or changes to address issues such as income inequality or environmental sustainability, it is likely that capitalism will continue to be a dominant economic system in many parts of the world. However, it may evolve and incorporate new ideas and practices to address the changing needs and demands of society.
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What describes capitalism?
Capitalism is an economic system characterized by private ownership of the means of production, profit motive, competition, and market-based allocation of resources.
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Fashion and Environmental Sustainability : Entrepreneurship, Innovation and Technology
The wide range of topics that the book covers are organised into sections reflecting a cradle to grave view of how entrepreneurial, innovative, and tech-savvy approaches can advance environmental sustainability in the fashion sector.These sections include: sustainable materials; innovation in design, range planning and product development; sustainable innovations in fashion supply chains; sustainable innovations in fashion retail and marketing; sustainable alternatives for end-of-life and circular economy initiatives; and more sustainable alternative fashion business models.
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Abolish Silicon Valley : How to Liberate Technology from Capitalism
Former insider turned critic Wendy Liu busts the myths of the tech industry, and offers a galvanising argument for why and how we must reclaim technology's potential for the public good. "Lucid, probing and urgent. Wendy Liu manages to be both optimistic about the emancipatory potential of tech and scathing about the industry that has harnessed it for bleak and self-serving ends." - Naomi Klein, author of On Fire: The Burning Case for a Green New Deal"An inspiring memoir manifesto...Technologists all over the world are realizing that no amount of code can substitute for political engagement.Liu's memoir is a road map for that journey of realization." - Cory Doctorow, author of Radicalized and Little BrotherInnovation. Meritocracy. The possibility of overnight success. What's not to love about Silicon Valley? These days, it's hard to be unambiguously optimistic about the growth-at-all-costs ethos of the tech industry.Public opinion is souring in the wake of revelations about Cambridge Analytica, Theranos, and the workplace conditions of Amazon workers or Uber drivers.It's becoming clear that the tech industry's promised "innovation" is neither sustainable nor always desirable. Abolish Silicon Valley is both a heartfelt personal story about the wasteful inequality of Silicon Valley, and a rallying call to engage in the radical politics needed to upend the status quo.Going beyond the idiosyncrasies of the individual founders and companies that characterise the industry today, Wendy Liu delves into the structural factors of the economy that gave rise to Silicon Valley as we know it.Ultimately, she proposes a more radical way of developing technology, where innovation is conducted for the benefit of society at large, and not just to enrich a select few.
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Platform Capitalism
What unites Google and Facebook, Apple and Microsoft, Siemens and GE, Uber and Airbnb?Across a wide range of sectors, these firms are transforming themselves into platforms: businesses that provide the hardware and software foundation for others to operate on.This transformation signals a major shift in how capitalist firms operate and how they interact with the rest of the economy: the emergence of ‘platform capitalism’. This book critically examines these new business forms, tracing their genesis from the long downturn of the 1970s to the boom and bust of the 1990s and the aftershocks of the 2008 crisis.It shows how the fundamental foundations of the economy are rapidly being carved up among a small number of monopolistic platforms, and how the platform introduces new tendencies within capitalism that pose significant challenges to any vision of a post-capitalist future.This book will be essential reading for anyone who wants to understand how the most powerful tech companies of our time are transforming the global economy."Also available as an audiobook.
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Capitalism Sucks!
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When was capitalism?
Capitalism as an economic system began to emerge in the late Middle Ages and early modern period in Europe, but it became more prominent during the Industrial Revolution in the 18th and 19th centuries.
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Capitalism or Communism?
The choice between capitalism and communism ultimately depends on one's values and beliefs. Capitalism promotes individual freedom, competition, and innovation, but can also lead to income inequality and exploitation. On the other hand, communism aims for equality, collective ownership, and social welfare, but can stifle individual initiative and creativity. Both systems have their strengths and weaknesses, and the best choice may lie in finding a balance between the two that addresses the needs of society while respecting individual rights.
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Is capitalism unfair?
The fairness of capitalism is a matter of perspective. Proponents argue that capitalism provides opportunities for individuals to succeed based on their hard work and innovation, creating a meritocratic system. However, critics argue that capitalism can lead to inequality and exploitation, as it often benefits those who already have wealth and power. Ultimately, the fairness of capitalism depends on how it is regulated and the extent to which it addresses issues of inequality and social justice.
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Is capitalism inevitable?
The inevitability of capitalism is a topic of debate among economists and scholars. Some argue that capitalism is the most efficient and productive economic system, and therefore inevitable in the long run. Others believe that alternative economic systems, such as socialism or communism, could potentially replace capitalism in the future. Ultimately, the future of capitalism will depend on various factors including technological advancements, political decisions, and societal values. Therefore, it is not possible to definitively say whether capitalism is inevitable or not.
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