Capitalism as Usual:Implications of Digital Intellectual Monopolies
This paper begins with the monopoly as a power relationship in order to answer the question"Is capitalism accumulating and working as usual".It extends the core notion of intellectual monopoly capitalism put forward by the economist Ugo Pagno.It proceeds to explore the increasingly entangled links between digital data,capitalism,big technologies,and monopoly,the innovative nature of Big Tech's monopolistic power,the circumstances that have contributed to it,and the processes utilized to maintain its dominance over other enterprises.Focusing on the cases of Microsoft and other similar giants that control a large portion of the market,it demonstrates Big Tech's monopoly strategies in the intellectual realm,especially through political,academic,and technological ties with international governments,universities,and researchers.It also reveals how tech behemoths gradually gain influence through the separation of workers'intellectual properties and that of their employers,how data-driven monopoly is taking shape with the help of artificial intelligence,cloud services and data mining,and how the digital intellectual monopoly would manipulate even more firms,gain control of greater aspects of markets,and interrupt the cycle that goes from innovation to diffusion.Therefore,capitalism is not as usual,and with the rapid growth of digital technologies,more research is needed to re-evaluate the accumulation dynamics and potential threats of capitalism via intellectual monopolies.
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