Political capitalism in the digital era: reconstructing the capital–state relation
This article discusses the role of big tech in becoming an engine of capturing public power. We focus on tech capitalist classes and their determination to capture both the economic benefit and the political decision. First, the article does so by bringing to the fore input from Weber’s political ca...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2024-12-01
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| Series: | Frontiers in Political Science |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fpos.2024.1509376/full |
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| author | Filippa Chatzistavrou |
| author_facet | Filippa Chatzistavrou |
| author_sort | Filippa Chatzistavrou |
| collection | DOAJ |
| description | This article discusses the role of big tech in becoming an engine of capturing public power. We focus on tech capitalist classes and their determination to capture both the economic benefit and the political decision. First, the article does so by bringing to the fore input from Weber’s political capitalism to explain the linkages between state and tech capitalists as the illustration of a structural dependence where lobbying activities are intensified. Second, pushing further the generally admitted idea of states and markets being co-constitutive allows to broaden the concept of political capitalism to include not only rent seeking, property rights’ issues, and surplus extraction mechanisms but also models of governance. The study suggests that in the case of digital capitalism, property rights on productive resources, originally private while also publicly subsidized, can make big tech not just shapers of common values but also providers of public goods. |
| format | Article |
| id | doaj-art-37d79a154e6047c2b6250f0744d9c078 |
| institution | OA Journals |
| issn | 2673-3145 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Political Science |
| spelling | doaj-art-37d79a154e6047c2b6250f0744d9c0782025-08-20T02:34:36ZengFrontiers Media S.A.Frontiers in Political Science2673-31452024-12-01610.3389/fpos.2024.15093761509376Political capitalism in the digital era: reconstructing the capital–state relationFilippa ChatzistavrouThis article discusses the role of big tech in becoming an engine of capturing public power. We focus on tech capitalist classes and their determination to capture both the economic benefit and the political decision. First, the article does so by bringing to the fore input from Weber’s political capitalism to explain the linkages between state and tech capitalists as the illustration of a structural dependence where lobbying activities are intensified. Second, pushing further the generally admitted idea of states and markets being co-constitutive allows to broaden the concept of political capitalism to include not only rent seeking, property rights’ issues, and surplus extraction mechanisms but also models of governance. The study suggests that in the case of digital capitalism, property rights on productive resources, originally private while also publicly subsidized, can make big tech not just shapers of common values but also providers of public goods.https://www.frontiersin.org/articles/10.3389/fpos.2024.1509376/fullstate captureelitespolitical capitalismlobbyinghigh-techSilicon Valley |
| spellingShingle | Filippa Chatzistavrou Political capitalism in the digital era: reconstructing the capital–state relation Frontiers in Political Science state capture elites political capitalism lobbying high-tech Silicon Valley |
| title | Political capitalism in the digital era: reconstructing the capital–state relation |
| title_full | Political capitalism in the digital era: reconstructing the capital–state relation |
| title_fullStr | Political capitalism in the digital era: reconstructing the capital–state relation |
| title_full_unstemmed | Political capitalism in the digital era: reconstructing the capital–state relation |
| title_short | Political capitalism in the digital era: reconstructing the capital–state relation |
| title_sort | political capitalism in the digital era reconstructing the capital state relation |
| topic | state capture elites political capitalism lobbying high-tech Silicon Valley |
| url | https://www.frontiersin.org/articles/10.3389/fpos.2024.1509376/full |
| work_keys_str_mv | AT filippachatzistavrou politicalcapitalisminthedigitalerareconstructingthecapitalstaterelation |