The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero
In the first two sections of Capital, Volume 2, Marx examines the factors that pressure capital to reduce its circulation and turnover times at the limit of zero. By doing so, he shines a light on the role played by transportation and communications industries in the accumulation process and the rea...
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| Format: | Article |
| Language: | English |
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Paderborn University: Media Systems and Media Organisation Research Group
2019-05-01
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| Series: | tripleC: Communication, Capitalism & Critique |
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| Online Access: | https://www.triple-c.at/index.php/tripleC/article/view/1088 |
| _version_ | 1797763185732747264 |
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| author | Marcos Dantas Loureiro |
| author_facet | Marcos Dantas Loureiro |
| author_sort | Marcos Dantas Loureiro |
| collection | DOAJ |
| description | In the first two sections of Capital, Volume 2, Marx examines the factors that pressure capital to reduce its circulation and turnover times at the limit of zero. By doing so, he shines a light on the role played by transportation and communications industries in the accumulation process and the reasons that these sectors are important frontiers of productive capital investment and surplus value extraction. This article suggests how the Internet’s social-digital platforms, such as Google, Facebook, Amazon and Airbnb, work according to the logic expounded by Marx, thus generating extraordinary profits for financial capital. Also, because of this Marxian logic, the main source of these huge platforms’ profits is the informational work done by millions of people who access these websites to engage in recreational activities or to meet the demands for goods and services in a Society of the Spectacle (Debord) subsumed into commodity fetishism. |
| first_indexed | 2024-03-12T19:38:56Z |
| format | Article |
| id | doaj.art-f296034a150944a08d5994a89ed7318c |
| institution | Directory Open Access Journal |
| issn | 1726-670X 1726-670X |
| language | English |
| last_indexed | 2024-03-12T19:38:56Z |
| publishDate | 2019-05-01 |
| publisher | Paderborn University: Media Systems and Media Organisation Research Group |
| record_format | Article |
| series | tripleC: Communication, Capitalism & Critique |
| spelling | doaj.art-f296034a150944a08d5994a89ed7318c2023-08-02T04:03:10ZengPaderborn University: Media Systems and Media Organisation Research GrouptripleC: Communication, Capitalism & Critique1726-670X1726-670X2019-05-0117113215810.31269/triplec.v17i1.10881088The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of ZeroMarcos Dantas Loureiro0Escola de Comunicação da Universidade Federal do Rio de Janeiro (ECO-UFRJ)In the first two sections of Capital, Volume 2, Marx examines the factors that pressure capital to reduce its circulation and turnover times at the limit of zero. By doing so, he shines a light on the role played by transportation and communications industries in the accumulation process and the reasons that these sectors are important frontiers of productive capital investment and surplus value extraction. This article suggests how the Internet’s social-digital platforms, such as Google, Facebook, Amazon and Airbnb, work according to the logic expounded by Marx, thus generating extraordinary profits for financial capital. Also, because of this Marxian logic, the main source of these huge platforms’ profits is the informational work done by millions of people who access these websites to engage in recreational activities or to meet the demands for goods and services in a Society of the Spectacle (Debord) subsumed into commodity fetishism.https://www.triple-c.at/index.php/tripleC/article/view/1088capital turnoverunpaid worksurplus-valuesocio-digital platformsfinancial capital |
| spellingShingle | Marcos Dantas Loureiro The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero tripleC: Communication, Capitalism & Critique capital turnover unpaid work surplus-value socio-digital platforms financial capital |
| title | The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero |
| title_full | The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero |
| title_fullStr | The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero |
| title_full_unstemmed | The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero |
| title_short | The Financial Logic of Internet Platforms: The Turnover Time of Money at the Limit of Zero |
| title_sort | financial logic of internet platforms the turnover time of money at the limit of zero |
| topic | capital turnover unpaid work surplus-value socio-digital platforms financial capital |
| url | https://www.triple-c.at/index.php/tripleC/article/view/1088 |
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