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  2. Tag: marxist economics
  3. Marx’s Birthday and the Dismal Science: A Few Observations
  4. Yanis Varoufakis: How I became an erratic Marxist | News | The Guardian
  5. Yanis Varoufakis: Marx predicted our present crisis, and points the way out – podcast

JN: So the big story is not really the technology per se but the fact that it has spawned a new variant of capitalism that is enabled by the technology? We have no formal control over these processes because we are not essential to the new market action. Instead we are exiles from our own behaviour, denied access to or control over knowledge derived from its dispossession by others for others. We are the native peoples now whose claims to self-determination have vanished from the maps of our own experience.

While it is impossible to imagine surveillance capitalism without the digital, it is easy to imagine the digital without surveillance capitalism. The point cannot be emphasised enough: surveillance capitalism is not technology.

Digital technologies can take many forms and have many effects, depending upon the social and economic logics that bring them to life. Surveillance capitalism relies on algorithms and sensors, machine intelligence and platforms, but it is not the same as any of those. SZ: Surveillance capitalism moves from a focus on individual users to a focus on populations, like cities, and eventually on society as a whole.

Think of the capital that can be attracted to futures markets in which population predictions evolve to approximate certainty. This has been a learning curve for surveillance capitalists, driven by competition over prediction products. First they learned that the more surplus the better the prediction, which led to economies of scale in supply efforts. Then they learned that the more varied the surplus the higher its predictive value. This new drive toward economies of scope sent them from the desktop to mobile, out into the world: your drive, run, shopping, search for a parking space, your blood and face, and always… location, location, location.

The evolution did not stop there. It is no longer enough to automate information flows about us; the goal now is to automate us. These processes are meticulously designed to produce ignorance by circumventing individual awareness and thus eliminate any possibility of self-determination.

Economic Update: Understanding Marxism

It has no foundation in democratic or moral legitimacy, as it usurps decision rights and erodes the processes of individual autonomy that are essential to the function of a democratic society. The message here is simple: Once I was mine. Now I am theirs. SZ: During the past two decades surveillance capitalists have had a pretty free run, with hardly any interference from laws and regulations.


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Democracy has slept while surveillance capitalists amassed unprecedented concentrations of knowledge and power. We enter the 21st century marked by this stark inequality in the division of learning: they know more about us than we know about ourselves or than we know about them. These new forms of social inequality are inherently antidemocratic. First, surveillance capitalists no longer rely on people as consumers. Instead, supply and demand orients the surveillance capitalist firm to businesses intent on anticipating the behaviour of populations, groups and individuals.

Second, by historical standards the large surveillance capitalists employ relatively few people compared with their unprecedented computational resources. General Motors employed more people during the height of the Great Depression than either Google or Facebook employs at their heights of market capitalisation.

Finally, surveillance capitalism depends upon undermining individual self-determination, autonomy and decision rights for the sake of an unobstructed flow of behavioural data to feed markets that are about us but not for us. This antidemocratic and anti-egalitarian juggernaut is best described as a market-driven coup from above: an overthrow of the people concealed as the technological Trojan horse of digital technology. On the strength of its annexation of human experience, this coup achieves exclusive concentrations of knowledge and power that sustain privileged influence over the division of learning in society.

It is a form of tyranny that feeds on people but is not of the people. JN: Our societies seem transfixed by all this: we are like rabbits paralysed in the headlights of an oncoming car.

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This does not mean, however, that we are foolish, lazy, or hapless. On the contrary, in my book I explore numerous reasons that explain how surveillance capitalists got away with creating the strategies that keep us paralysed. These include the historical, political and economic conditions that allowed them to succeed. Other significant reasons are the need for inclusion, identification with tech leaders and their projects, social persuasion dynamics, and a sense of inevitability, helplessness and resignation.

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Tag: marxist economics

The result is that the choice mechanisms we have traditionally associated with the private realm are eroded or vitiated. There can be no exit from processes that are intentionally designed to bypass individual awareness and produce ignorance, especially when these are the very same processes upon which we must depend for effective daily life. So our participation is best explained in terms of necessity, dependency, the foreclosure of alternatives, and enforced ignorance. SZ: The tech leaders desperately want us to believe that technology is the inevitable force here, and their hands are tied.

But there is a rich history of digital applications before surveillance capitalism that really were empowering and consistent with democratic values. Technology is the puppet, but surveillance capitalism is the puppet master. Surveillance capitalism is a human-made phenomenon and it is in the realm of politics that it must be confronted. The resources of our democratic institutions must be mobilised, including our elected officials. GDPR [a recent EU law on data protection and privacy for all individuals within the EU] is a good start, and time will tell if we can build on that sufficiently to help found and enforce a new paradigm of information capitalism.

Our societies have tamed the dangerous excesses of raw capitalism before, and we must do it again.

Marx’s Birthday and the Dismal Science: A Few Observations

While there is no simple five-year action plan, much as we yearn for that, there are some things we know. Despite existing economic, legal and collective-action models such as antitrust, privacy laws and trade unions, surveillance capitalism has had a relatively unimpeded two decades to root and flourish. But what is the point of owning data that should not exist in the first place?

All that does is further institutionalise and legitimate data capture. Data ownership also fails to reckon with the realities of behavioural surplus. Surveillance capitalists extract predictive value from the exclamation points in your post, not merely the content of what you write, or from how you walk and not merely where you walk.

Yanis Varoufakis: How I became an erratic Marxist | News | The Guardian

Another example: there may be sound antitrust reasons to break up the largest tech firms, but this alone will not eliminate surveillance capitalism. Instead it will produce smaller surveillance capitalist firms and open the field for more surveillance capitalist competitors. So what is to be done? In any confrontation with the unprecedented, the first work begins with naming. My hope is that careful naming will give us all a better understanding of the true nature of this rogue mutation of capitalism and contribute to a sea change in public opinion, most of all among the young.

Facebook Twitter Pinterest. Topics Technology The Observer. Google Data protection Internet Economics Digital media features. Reuse this content. Order by newest oldest recommendations. Show 25 25 50 All. Threads collapsed expanded unthreaded. Loading comments… Trouble loading? For in the new society, there are no more weavers, metal workers, coal miners, plumbers, farmers, factory managers, engineers, or professors.

These labels are used to categorize people who are tied down to a particular occupation for life. In communism, the tie is unknotted, and each person takes part, at one time or another, in many if not most of these activities. Perhaps Marx's best known statement on this subject is his claim that "in communist society, where nobody has one exclusive sphere of activity but each can become accomplished in any branch he wished, society regulates the general production and thus makes it possible for me to do one thing today and another tomorrow, to hunt in the morning, fish in the afternoon, rear cattle in the evening, criticize after dinner, just as I have a mind, without ever becoming hunter, fisherman, shepherd, or critic.

But factory work, in the new social form which it takes in this period, is an activity to which all people devote some time. It is something which everybody, without exception, wants to do. Besides contributing to production, each individual also participates in cultural and scientific life, and not just as a consumer of other people's products but as a creator. We have met communist men and women as workers, farmers, hunters, and critics, and Marx now introduces us to the same persons as artists: "The exclusive concentration of artistic talent in some individuals and its suppression in the grand mass which springs from this, is a consequence of the division of labor In a communist society, there are no painters, but men who among other things do painting.

Every person in communist society is relieved of the burden of narrowness which plagued his or her ancestors, weavers and painters alike, and given the opportunity to express him or herself in all possible ways.


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What applies to painting also applies to science. People in communism relate to other activities ranging from athletics to courting to musing on one's own in the same way. Marx not only ascribes a world of activities to the communist person, but believes they will be very proficient in their performance. To achieve this is the aim of communist education. As regards painting, for example, he admits that only a few will rise to the level of Raphael. On the other hand, the quality of other people's work will be extremely high; and he maintains, all paintings will be original.

Marx would probably be willing to make a similar distinction between average and exceptional ability in science, farming, material production, etc. Even in communism, people do not have the time to become equally skilled in all tasks. There is just too much to do.

Yanis Varoufakis: Marx predicted our present crisis, and points the way out – podcast

Hence, those who spend more time learning surgery will be better surgeons in any social system. Furthermore, people will always posses different intellectual and physical capacities. Yet, despite these admissions, the least gifted people in communism are spoken of as if they are more accomplished than Lemontey's heroes, and do each of their tasks with a high degree of skill. To those who argue that skill is invariably a function of specialization, Marx would probably reply that, in so far as specialization involves learning a body of data and technique, communist people are specialists in many tasks.