Capital Concentration in the Digital Economy:A Political Economy Perspective
Under capitalism,the dominant production technologies and the resulting changes in organizational forms systematically alter production relations,especially inter-capital dynamics,leading to new features and trends in capital concentration.Since the late 20th century,the rise of digital technologies and platform-based or-ganizations has significantly reshaped the ways capital is concentrated.By examining these new dynamics with-in the digital economy,we observe a shift in how industrial and financial capital accumulate,moving from for-mal subordination to substantive integration.The power of monopoly capital is further entrenched,exacerbating the inherent contradictions between capitalist production and realization.While these contradictions may ap-pear mitigated in the short term,they are likely to intensify,expand,and deepen over time.Overproduction,driven by global production networks under platform organization,may lead to prolonged economic stagnation.In China's pursuit of high-quality development and the creation of a new development dynamic through the digital economy,it is crucial to understand and manage the characteristics and behaviors of capital,ensuring its expansion is guided and regulated appropriately.
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维普
