The rise of platforms has transformed our understanding of contemporary capitalism, with the critical literature describing how these firms leverage unprecedented digital powers to extract monopoly rents – perhaps even heralding a new form of Feudalism. This paper draws on the literature on financial narratives to examine the role that such stories play within the form of capitalism that they describe, and what this suggests for the role of “hype” in contemporary capitalism. The same stories that for critical scholars appear as menacing threats of “technofeudalism” or “surveillance capitalism” for investors appear as optimistic stories of promising future returns. By driving financial investments, narratives afford platforms very real social and political powers, enabling them to function as a form of self-fulfilling prophecies. The paper argues for a cultural inflection to the political economy of Big Tech – viewing capitalism as neither mechanistic nor rational, but as an expression of a complex interplay between narrative, technology, and economic power. This suggests the need for a critical hype studies , geared at deconstructing the narratives undergirding the technological waves of capitalist pursuits, and examining the broader role of hype in coordinating and directing flows of capital within contemporary financialized capitalism.
Fast Capitalism | Mavs Open Press Open Access Journals | University of Texas at Arlington
Fast Capitalism is an academic journal aimed at describing the current moment of capitalism. We publish peer reviewed scholarship and essays about the impact of rapid information and communication technologies on self, society and culture in the 21st century. Our authors examine how heretofore distinct social institutions, such as work and family, education and entertainment, have blurred to the point of near identity in an accelerated, post-Fordist stage of capitalism. This makes it difficult for people to shield themselves from subordination and surveillance. The working day has expanded; there is little down time anymore. People can 'office' anywhere, using laptops and cells to stay in touch. But these invasive technologies that tether us to capital and control can also help us resist these tendencies. People use the Internet as a public sphere in which they express and enlighten themselves and organize others; information technologies afford connection, mitigate isolation, and even make way for social movements. We are convinced that the best way to study an accelerated media culture and its various political economies and existential meanings is dialectically, with nuance, avoiding sheer condemnation and ebullient celebration. We seek to shape these new technologies and social structures in democratic ways. We look at technology, Artificial Intelligence (AI), global flows, political economy, culture and cultural studies, social theory, political theory, intersectionality, and the envionrment.
The scent of Musk: Power, charisma and paranoia in Silicon Valley
Palantir's social media manifesto is a blueprint for technofascism
The surveillance firm’s viral X post calls for hard power, conscription and the end of pluralism. AI expert and academic Mark Coeckelbergh on what happens when technology becomes the gateway to authoritarianism
Capitalist Realism: Is There No Alternative?
It is easier to imagine the end of the world than the end of capitalism. After 1989, capitalism has successfully presented itself as the only realistic political-economic system - a situation that the bank crisis of 2008, far from ending, actually compounded. The book analyses the development and principal features of this capitalist realism as a lived ideological framework. Using examples from politics, film (Children Of Men, Jason Bourne, Supernanny), fiction (Le Guin and Kafka), work and education, it argues that capitalist realism colors all areas of contemporary experience, is anything but realistic and asks how capitalism and its inconsistencies can be challenged. It is a sharp analysis of the post-ideological malaise that suggests that the economics and politics of free market neo-liberalism are givens rather than constructions. New Edition includes:Forward by Zoe Fisher, Mark’s wife, talking about Mark as a personIntroduction by Alex Niven, his friend and colleague, talking about the political significance of the book thirteen years after it was writtenAfterword by Tariq Goddard, the original editor and publisher, describing the writing and editing of the book, its original reception, and Mark’s own view of it"A quick and entertaining read." Socialist Standard "A provocative and necessary read...for anyone wanting to talk seriously about the politics of education today. " Times Higher Educational Supplement
The Technological Republic: The Sunday Times bestseller from the great minds behind Palantir
The Sunday Times and #1 New York Times Bestseller‘The Technological Republic is far too important to ignore’ Times Literary SupplementSilicon Valley’s brightest minds once collaborated with governments to advance technologies, securing the West’s dominance on the global stage. But that relationship has corroded – with perilous repercussions for us all.Lifting the veil on tech giant Palantir and its broader political project, visionary co-founder and CEO Alexander C. Karp and his long-time deputy Nicholas W. Zamiska offer a searing critique of our collective culture of complacency. To regain geopolitical power and preserve our freedoms, we must tackle the world’s most pressing challenges – including the artificial intelligence arms race – together and head-on. Now is the time for the West to wake up.‘Bold and ambitious ... Essential reading’ Eric Schmidt‘Fascinating’ Financial Times‘A stirring manifesto’ Niall Ferguson‘Provocative and insightful’ Jamie Dimon
Cyber-Marx
In this highly readable and thought-provoking work, Nick Dyer-Witheford assesses the relevance of Marxism in our time and demonstrates how the information age, far from transcending the historic conflict between capital and its laboring subjects, constitutes the latest battleground in their encounter. Dyer-Witheford maps the dynamics of modern capitalism, showing how capital depends for its operations not just on exploitation in the immediate workplace, but on the continuous integration of a whole series of social sites and activities, from public health and maternity to natural resource allocation and the geographical reorganization of labor power. He also shows how these sites and activities may become focal points of subversion and insurgency, as new means of communication vital for the smooth flow of capital also permit otherwise isolated and dispersed points of resistance to connect and combine with one another. Cutting through the smokescreen of high-tech propaganda, Dyer-Witheford predicts the advent of a reinvented, "autonomist" Marxism that will rediscover the possibility of a collective, communist transformation of society. Refuting the utopian promises of the information revolution, he discloses the real potentialities for a new social order in the form of a twenty-first-century communism based on the common sharing of wealth.
Capitalism and Its Critics: A History
A Financial Times Most Anticipated Book of 2025A sweeping, dramatic history of capitalism as seen through the eyes of its fiercest critics. At a time when artificial intelligence, climate change, and inequality are raising fundamental questions about the economic system, Capitalism and Its Critics provides a kaleidoscopic history of global capitalism, from the East India Company and Industrial Revolution to the di...
How Liminalism Became the Defining Aesthetic of Our Time
This crowd-curated digital movement is one of the most pertinent and explicit reactions to our particular slice of dystopian late capitalism.
The Myth of Capitalism Exposed
We need a revolution to cast off monopolies and restore entrepreneurial freedom. First of two excerpts from “The Myth of Capitalism.”
Silicon Valley, disruption, and the end of uncertainty
This paper reflects on the relationship between high-tech disruption narratives and uncertainty. My main argument is that an economic sociology of the future is incomplete without addressing the ‘d...
Cyber-Marx: Cycles and circuits of struggle in high technology capitalism - Nick Dyer-Witheford
The complete text of Nick Dyer-Witheford's 1999 book, which provides an analysis of information-age capitalism and the movements currently dissolving it. In PDF format.
Cyber-Marx: Cycles and Circuits of Struggle in High Technology Capitalism
Cycles and Circuits of Struggle in High Technology Capitalism
Systems: How the Ultra-Wealthy Think About Money - Anil Dash
A blog about making culture. Since 1999.
A Thesis on the History of the 21st Century: Technocracy, AI, and the End of the World
Reviewing a trio of books by a sextet of ruling-class ideologues, Mathias Fuelling finds an ambient anxiety hanging over a perceived crisis in American capitalism, with visions of bolstering a Silicon Valley-led technocracy fueled by AI investment reflecting American fears over the dawn of a "Chinese Century."
Billion Dollar PDFs
Documents that crystallized a narrative and moved billions of dollars of capital.
Capitalism | The Paper Pilot
The Paper Pilot's digital garden of thoughts on philosophy, politics, and sociology