IDEAS home Printed from https://ideas.repec.org/a/ahs/journl/v8y2023i4p681-695.html
   My bibliography  Save this article

Next Stage of Global Capitalism: Digital Platforms and Rentier Capitalism

Author

Listed:
  • Duygu Özlük

Abstract

This paper examines the concentration of wealth and power in the networked ecosystem of digital platforms in light of the Marxist theory of rent, which views rental income as a form of economic gain without engaging in productive labor. The article discusses the dominance of digital platforms and their transformative effects of platform capitalism on labor markets, highlighting the growth of gig economies and the challenges of labor rights, income security, and regulatory frameworks in this new paradigm. Since platforms enabled by advancements in technology and digital connectivity, they have revolutionized traditional business models and reshaped the ways in which value is created, distributed, and captured. These platforms, while revolutionizing economic interactions and information exchange, also reflect elements of rent extraction identified in Marxist thought. This amplifies concerns over economic inequality and the accumulation of power, mirroring the Marxist critique of rent as an exploitative mechanism. By scrutinizing digital platforms through a Marxist rent theory framework, this study aims to comprehend how these platforms fit into the broader landscape of capitalist relations, shedding light on the complex interplay between technological innovation, economic structures, and the perpetuation of class divisions.

Suggested Citation

  • Duygu Özlük, 2023. "Next Stage of Global Capitalism: Digital Platforms and Rentier Capitalism," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 8(4), pages 681-695.
    • Handle: RePEc:ahs:journl:v:8:y:2023:i:4:p:681-695
    DOI: 10.30784/epfad.1350739
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/tr/download/article-file/3365790
    Download Restriction: no
    File URL: https://libkey.io/10.30784/epfad.1350739?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David Cayla, 2022. "How the Digital Economy Challenges the Neoliberal Agenda: Lessons from the Antitrust Policies," Journal of Economic Issues, Taylor & Francis Journals, vol. 56(2), pages 546-553, April.
    2. Aleksynska, Mariya & Bastrakova, Anastasia & Kharchenko, Natalia Nikolaevna, 2019. "Working Conditions on Digital Labour Platforms: Evidence from a Leading Labour Supply Economy," IZA Discussion Papers 12245, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Davide Arcidiacono & Giorgio Piccitto, 2023. "Assessing Inclusivity Through Job Quality in Digital Plat‐Firms," Social Inclusion, Cogitatio Press, vol. 11(4), pages 239-250.
    2. Lars Hornuf & Daniel Vrankar, 2022. "Hourly Wages in Crowdworking: A Meta-Analysis," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 64(5), pages 553-573, October.
    3. Maria Cesira Urzi Brancati & Annarosa Pesole & Enrique Férnandéz-Macías, 2020. "New evidence on platform workers in Europe: Results from the second COLLEEM survey," JRC Research Reports JRC118570, Joint Research Centre.
    4. Maciej Berk{e}sewicz & Dagmara Nikulin & Marcin Szymkowiak & Kamil Wilak, 2021. "The gig economy in Poland: evidence based on mobile big data," Papers 2106.12827, arXiv.org.

    More about this item

    Keywords

    Theory of Rent; Platform Capitalism; Rentier Capitalism;
    All these keywords.

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ahs:journl:v:8:y:2023:i:4:p:681-695. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ersan Ersoy (email available below). General contact details of provider: https://epfjournal.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.