Finance Capitalism and the Digital Economy

Finance Capitalism and the Digital Economy
by Philipp Staab, WiSO 15/2018

The financialization of the economy and the rise of the commercial Internet are directly connected… At the beginning of the digital economy, as Marianna Mazzucato and others showed, was an investing state that took over the installment financing for the large majority of base innovations of digitalization as an initial risk capitalist. Financialization describes the change of the capital accumulation model.

Philipp Staab is a sociologist and teaches macro-sociology at the University of Kassel.


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