The Concept of the Platform-Based Ecosystem: The Digital Platform Economy

László Szerb, Eva Somogyine Komlosi, Zoltan Acs, Esteban Lafuente and Abraham K. Song
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Eva Somogyine Komlosi: University of Pecs
Abraham K. Song: Pepperdine University, Graduate School of Education and Psychology

Chapter Chapter 2 in The Digital Platform Economy Index 2020, 2022, pp 3-6 from Springer

Abstract: Abstract The transition from a managed economy in the twentieth century to a platform economy in the twenty-first century is perhaps best summed up by Historian Niall Ferguson (2019) in his book The Square and the Tower: Networks and Power from the Freemasons to Facebook. Ferguson starts his story in Italian city states, where a tower sits in the middle of the town square. The tower represents the hierarchy, and the crucial incentive that favored the hierarchical order was that it made the exercise of power more efficient. Moreover, absolutism could be a source of social cohesion. Yet the defect of autocracy is obvious, too. No individual, no matter how talented, has the capacity to contend with all the challenges of imperial governance, and almost no one is able to resist the corrupting temptations of absolute power. Networks are changing the power balance of firms, governments, and countries (Root, 2020).

Date: 2022
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DOI: 10.1007/978-3-030-89651-5_2

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