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Digital platforms: monopoly capital through a classical-marxian lens

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  • Ramaa Vasudevan

Abstract

The classical-marxian conception of capitalist monopoly, based on restrictions to capital mobility arising from production conductions and property rights rather than oligopolistic market structure, is a fruitful way of approaching the implications of the pervasive spread of modern corporations—what has been termed the stage of Monopoly Capital. The relevance of the classical-marxian conception of ‘capitalist monopoly’ in the context of new technology is investigated by applying it to the monopoly exercised by contemporary digital platforms, with a specific focus on Google (Alphabet), Amazon and Facebook.

Suggested Citation

  • Ramaa Vasudevan, 2022. "Digital platforms: monopoly capital through a classical-marxian lens," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(6), pages 1269-1288.
    • Handle: RePEc:oup:cambje:v:46:y:2022:i:6:p:1269-1288.
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    File URL: http://hdl.handle.net/10.1093/cje/beac045
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