Jamal Awil

← Platform Capitalism

One of the most important consequences of this schematic model of capitalism is that. [fact]

One of the most important consequences of this schematic model of capitalism is that it demands constant technological change. In the effort to cut costs, beat out competitors, control workers, reduce turnover time, and gain market share, capitalists are incentivised to continually transform the labour process. This was the source of capitalism's immense dynamism, as capitalists tend to increase labour productivity constantly and to outdo one another in generating profits efficiently.

Nick Srnicek, Platform Capitalism, loc. 21