Hypercapitalism, the acceleration of Capitalocene

Hypercapitalisme, l’accélération du Capitalocène

Philippe Béraud and Franck Cormerais
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Philippe Béraud: IMT Atlantique - SRCD - Département Systèmes Réseaux, Cybersécurité et Droit du numérique - IMT Atlantique - IMT Atlantique - IMT - Institut Mines-Télécom [Paris]
Franck Cormerais: MICA - Médiation, Information, Communication, Art - UBM - Université Bordeaux Montaigne

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Abstract: To argue that hypercapitalism is a mechanical order that is capable of constantly recreating market space through the marketplaces of the platforms, the valuation of data and the circulation of deregulated monetary counterparts is also to ask the question of possible and credible alternatives. What is at stake here is the ability to collectively appropriate digital infrastructures. This collective appropriation cannot only be the result of the commons, defending the principle of an autonomy that is free from public intervention. Not only does the appropriation of infrastructures presuppose the conjunction of the driven forces of civil society and the State, but it also requires the conjugation of international regulatory mechanisms. If the production and redistribution of wealth must change hands, if accumulation must serve collective creation, as François Perroux advocated, it is at the level of inter-nation institutions, in the sense of Marcel Mauss, that efforts should be made to socialize and develop digital infrastructures as supports for this wealth and common goods. At the same time, the management of digital infrastructures and services should be carried out within the framework of an economy of contribution that would bring together at the inter-nation level the dynamics specific to the public and private sectors, and the forms of collective organization, including but not limited to the common ones. The economy of contribution would thus pave the way for the creation of institutions designed to foster innovation, investment and redistribution principles. This would include public reintermediation in production choices, redirection of investment towards activities that combine digital and ecological activities, a renewed regulatory framework for financial markets in order to better serve the interests of the real economy, and the creation of a unified international law that is concerned with the well-being of producers and human rights. The transfer of negotiating and decision-making power to these new institutions would thus become the guarantee of a truly priority, constructive and coordinated commitment to counter the accelerating factors of the Capitalocene.

Keywords: Hypercapitalism; infrastructures; network effects; digital economy; market place; commons; Hypercapitalisme; effets de réseau; économie numérique; place de marché; communs (search for similar items in EconPapers)
Date: 2020
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Published in Etudes digitales, 2020, 2020 – 1 (9), pp.185-203. ⟨10.48611/isbn.978-2-406-11521-2.p.0185⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02886850

DOI: 10.48611/isbn.978-2-406-11521-2.p.0185

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