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Course : Cloud capital and the international political economy of Big Tech

Course code : ECON969

ECON969  -  Γιάνης Βαρουφάκης

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TOPICS FOR PRESENTATION

 

Discuss one or more of the following statements:

 

  1. There is no substantive difference between Monopoly Capital and Cloud Capital. Or, is there?
  2. If all surplus value is created in the traditional capitalist sector, and cloud capital just redistributes it, this is still capitalism
  3. Amazon Web Services hires digital space to traditional capitalist firms. This is no different to a landlord renting space out to a capitalist factory
  4. AI is, qualitatively speaking, no different to any labour saving technological innovation
  5. Google’s and Meta’s advertising model is no different to that of free-to-air radio & television, which spearheaded the so-called Attention Economy
  6. Elon Musk’s purchase of Twitter is no different to Henry Ford’s purchase of the Dearborn Independent in 1919
  7. Stablecoins are just another variation of Bitcoin. They are, thus, insignificant from a macroeconomic and a Political Economy perspective.