Book talk: “Platform Capitalism” by Nick Srnicek

Layout 1For some years now, I’ve been a degenerate addict of social media. Hardly an hour goes by on an average day without checking my Twitter and Facebook feeds repeatedly. And as soon as some idea strikes me, I must confess that my first impulse is to formulate it right away in Twitter’s 140-character maximum – an arbitrary limitation that seems to have become hard-wired in my brain by now.

I indulge in this habit despite my own constant misgivings about the exploitative basic architecture of commercial social media, and my ambivalence about the self-reinforcing echo chamber and filter bubble syndromes that are suddenly under much wider debate following the many critical reports on viral fake news, alt-right Twitter bots, and all the other ways in which neo-fascists recently seem to have weaponized Web 2.0’s algorithm culture.

But this week, two things happened: first, I noticed that my longstanding ambivalence about my own hyper-engagement with social media seemed to be exacting a higher toll post-election. I noticed that I was finding little comfort in my usual social interactions, and that my suddenly-intensified addiction to news and opinions seemed to make my growing anxiety about the future more unescapable. And second, I was lucky enough to find an advance copy of Nick Srnicek’s eagerly anticipated new book Platform Capitalism in my office pigeonhole – a book that is being published just as we desperately need solid critical work on platforms like Facebook and Google. 

Srnicek established himself in the world of critical theory with the Accelerationist Manifesto that he co-authored with Alex Williams, followed more recently by their best-selling book Inventing the Future – which I enjoyed immensely, and which is among the most practical and most readable theoretical interventions dedicated to imagining what a postcapitalist society might look like.

Compared with these earlier texts, the succinct, well-researched, and –again– compulsively readable Platform Capitalism is a lot less “manifesto-ish.” The book primarily offers a perspective on commercial digital platforms like Facebook, Uber, Google, and the Internet of Things that approaches them in the first place as actors within a specific phase of capitalism. As Srnicek puts it in his introduction:

The platform has emerged as a new business model, capable of extracting and controlling immense amounts of data, and with this shift we have seen the rise of large monopolistic firms. … The aim here is to set these platforms in the context of a larger economic history, understand them as means to generate profit, and outline some of the tendencies they produce as a result. (6)

A brisk but essential opening chapter therefore establishes the author’s historical-materialist perspective, as Srnicek effectively outlines how the 1970s crisis of industrial overproduction, the 1990s dot-com bubble, and the 2008 subprime mortgage crisis all played important roles in the rise of the digital platform as an economic phenomenon within post-industrial capitalism.

The book then touches on much-discussed concepts like immaterial labor, the sharing economy, the complex role of Big Data, privacy, advertising, and non-commercial alternatives to commercial behemoths like Google and Facebook. Looking at the various options and giving a quick but thorough survey of the current state of affairs, Srnicek is justifiably pessimistic – not only about the future of lean platforms like Uber, whose business strategy already seems to have overextended itself, but also and more fundamentally about the future of the internet as a free and democratic space.

Nevertheless, the book’s primary goal is not the presentation of a radical Marxian critique of digital platforms as a political economy. Above all else, it offers a plainly worded and startlingly convincing description of their histories, characteristics, and tendencies within our own capitalist system. Only by understanding these platforms as economic actors in global capitalism’s complex system can we hope to change our world for the better. So in spite of the unsurprisingly bleak analysis, the book’s conclusion elegantly articulates this hope for a real change in our digital lives:

Rather than just  regulating corporate platforms, efforts could be made to create public platforms – platforms owned and controlled by the people. (And, importantly, independent of the surveillance state apparatus.) This would mean investing the state’s vast resources into the technology necessary to support these platforms and offering them as public utilities. More radically, we can push for postcapitalist platforms that make use of the data collected by these platforms in order to distribute resources, enable democratic participation, and generate further technological development. Perhaps today we must collectivize the platforms.

As remote and unlikely as this future might sound in the “post-truth” era of Facebook’s self-obsessed filter bubbles, it is all the more urgent to understand clearly not only why these digital platforms are currently part of the problem, but what kinds of affordances and opportunities they do ultimately offer for collaborative and democratic action.

For myself, reading this outstanding short book while simultaneously caught up in self-perpetuating feedback loop of intensified sharing, commenting, and retweeting as post-election online hysteria hit fever pitch, I finally decided to let go for now and step out of platform capitalism’s echo chambers – going cold turkey at least until I can re-accustom myself to having a thought without automatically feeling an impulse to post it on Twitter alongside some cleverly chosen animated GIF.

For what both this book and the always-already disastrous election of Donald Trump demonstrate above all is that our constant engagement with any kind of content on commercial digital platforms continues to drive a thoroughly rotten and undesirable system we’re only just beginning to understand. So even if alternatives still appear remote and all but impossible to realize, we also clearly can’t afford to continue playing by the rules of platform capitalism.

This entry was posted in Books, Neoliberalism, politics, Trump and tagged , , , . Bookmark the permalink.

5 Responses to Book talk: “Platform Capitalism” by Nick Srnicek

  1. Robbert says:

    Hi Dan,

    Thanks for your take on this book. I am definitely going to read it. I am working on one of these new generation platforms that is truly for and by the public. If you ask me, it has never been more necessary to make ‘those efforts’ Srnicek is talking about. We need to speed up our evolution by being better informed about our world and by being able to inform others around us better.

    I truly think we are only going to be able to solve the problems that face us if we start communicating more accurate and more efficient when we are near each other. It is going to be a game about real human contact and debate. We can’t allow people to become isolated human beings that consume content in virtual worlds, becoming more ambivalent and skeptic towards reality. We can’t keep on giving people stuff that us driving them from each other and reality. Not in a time where it has become evident that we have to understand our planet more then ever. Technologies like VR and Facebook’ drives people away from our natural world and the natural processes that we should adapt to. And it’s all because of the ancient and pure capitalistic idea: as long as they are here, they might buy something. In a physical shop that makes sense. But not for platforms that keep billions of users in their ‘shop’ 24/7. We don’t need people to hang around in some virtual shops, gazing at content and opinions from complete strangers in some predefined order that seems to speak to my ‘lazy part of the brain’. We need people in the world, fighting for this world, changing minds, changing ways.

    There is a lot of room for a completely other business model. A business model that contributes to the well being of our world. No matter what the application or platform, I think the business should be in the value of information and content, not in the presentation of it. We need to redefine the format that we use to consume content AND the circumstances under which we have acces to that content. Less should be more again.

    Wish me luck 🙂

    You good luck for sure! Keep up the good writing and insights.



  2. Pingback: Trump Media: A Film Studies Syllabus (V) | Dr. Dan’s Medicine

  3. Pingback: Platform Capitalism | Synthetic Edifice

  4. Pingback: Post #1: Cranky & cautiously optimistic – Mamafesto

  5. Pingback: #ACCELERATE MANIFESTO for an Accelerationist Politics – SubSense

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s