Andrea Coveri, Claudio Cozza, Dario Guarascio

Monopoly Capital at the Time of Digital Platforms

  • Abstract

Informations and abstract

Keywords: monopoly capital, monopoly power, digital platforms, Amazon, transnational corporations.

This paper adapts the monopoly capital theoretical approach to the case of large digital platforms. First, we identify the structural drivers of economic power of today’s platforms, i.e. control of data, technology, labour, and value chains, as well as conditioning on government activity. Second, we discuss similarities and discontinuities with respect to the 20th-century transnational corporations. Finally, we focus on policy implications, comparing antitrust regulations and assumptions about the socialisation of data and of digital infrastructure needed to use them.

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