Information Capitalism

information technology

Christian Fuchs writes that despite all of the talk about living in a “post-capitalist,” “post-modern,” or “information society” we still live in a society that is dominated by the structures of capitalism and class divisions:

For describing contemporary society, Marxist scholars have suggested terms that focus on transformation of the productive forces, like digital capitalism…high tech capitalism…informatic capitalism…and communicative capitalism…I prefer such terms to radical discontinuous terms like information society or postmodern society because the first contain a critical negativity.  But they convey the impression that technology (digital, virtual, high technology) determines society: that is, that the relations of production are a linear result of the productive forces.  Change in contemporary society affects forces and relations, structures and actions, because society is based on a dialectical dynamic of these two qualities…

Concepts like knowledge, information, postmodern, postindustrial, Internet, and network society fail to grasp the dialectic of continuity and discontinuity of society.  They construct the changes connected to new media as radical novelties and ignore the continuing dominance of capitalist structures.  In order to stress that capital accumulation is transformed by the rise of knowledge and information technologies and the transnational spatial model connected to the flexible regime of accumulation, I have suggested using notions like transnational network capitalism, transnational informational capitalism, or transnational knowledge capitalism as key concepts for describing contemporary society. (Fuchs, 390, 399)

Source:

Fuchs, Christian.  “A Contribution to the Critique of the Political Economy of Transnational Informational Capitalism.”  Rethinking Marxism 21, no. 3 (July 2009): 387-402.

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2 Responses to “Information Capitalism”


  1. 1 ibraahim November 11, 2009 at 9:05 am

    i want enjoy this university


  1. 1 Information Capitalism « The Mustard Seed Trackback on August 30, 2009 at 12:17 am

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