Course : Cloud capital and the international political economy of Big Tech
Course code : ECON969
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TOPICS FOR PRESENTATION
Discuss one or more of the following statements:
- There is no substantive difference between Monopoly Capital and Cloud Capital. Or, is there?
- If all surplus value is created in the traditional capitalist sector, and cloud capital just redistributes it, this is still capitalism
- Amazon Web Services hires digital space to traditional capitalist firms. This is no different to a landlord renting space out to a capitalist factory
- AI is, qualitatively speaking, no different to any labour saving technological innovation
- 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
- Elon Musk’s purchase of Twitter is no different to Henry Ford’s purchase of the Dearborn Independent in 1919
- Stablecoins are just another variation of Bitcoin. They are, thus, insignificant from a macroeconomic and a Political Economy perspective.