Definition Of Platform Capitalism

What is platform capitalism noun.

Definition of platform capitalism. Platform capitalism is a high definition snapshot of the current political economic situation than manages to get a lot of detail into a tight frame. Platform capitalism is capitalism pure and simple. A way of doing business that involves recruiting large numbers of people who work for themselves using the company s platform. The expression platform capitalism refers to the activities of companies such as google facebook apple microsoft uber airbnb and others to operate as platforms.

Platform companies know this very well and are fully invested in shaping its outcomes having moved from regulatory arbitrage i e. Platform capitalism is more than a new version of a legacy system based on competition and profitability. Lower but still substantial. Define platform capitalism noun and get synonyms.

In this business model both hardware and software are used as a foundation platform for other actors to conduct their own business. Uber for example creams off 25 percent of every taxi ride. It is also an updated political rationality. It offers a convincing image of the current stage of capitalist development as a series of variations on the theme of the platform as a means of consolidating or seizing a kind of monopoly leverage over not only distribution but also production.

It offers a convincing image of the current stage of capitalist development as a series of variations on the theme of the platform as a means of consolidating or seizing a kind of monopoly leverage over not only distribution but also production. Platform capitalism noun meaning. Platform capitalism uncountable business neologism a way of doing business that involves recruiting large numbers of people who work for themselves using the company s platform for example by facilitating ridesharing.