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The Telecom Industry in India: Free Market or Monopoly-Finance Capital?

The success of the telecommunications industry in India has been heralded as a “miracle.” But a miracle for whom? The answer, Rahul Varman writes, has clearly been the capitalist class, who, over three decades, have amassed tremendous wealth and power through the machinations of large firms, in collusion with the Indian government. | more…

Socialist Register 2021: Beyond Digital Capitalism: New Ways of Living

Every year since 1964, the Socialist Register has offered a fascinating survey of movements and ideas from the independent new left. This year’s edition asks readers to explore just how we need to live with new technologies. Essays in this 57th Socialist Register reveal the contradictions and dislocations of technological change in the twenty-first century. And they explore alternative ways of living: from artificial intelligence (AI) to the arts, from transportation to fashion, from environmental science to economic planning. | more…

Digital Disconnect

The Internet and Monopoly Capitalism

Robert W. McChesney, Digital Disconnect: How Capitalism Is Turning the Internet against Democracy (New York: New Press, 2013), 299 pages, $27.95, hardcover.

Without question, the Internet has had a profound influence on the world. As with most technologies, debates rage over whether this development has been positive or negative. Celebrants proclaim with utopian fervor that a new age of democracy has arrived, allowing for decentralized communication, challenges to corporate control, and mass public participation in the most important decisions confronting humanity. Skeptics point to the ways the Internet has spread ignorance and misinformation instead of knowledge, undermined the ability of artists to earn a living, and exacerbated isolation, unhappiness, and alienation. While these arguments illuminate the potential benefits and drawbacks of the Internet, they tend to ignore or disregard the larger political economy within which the Internet exists. In Digital Disconnect: How Capitalism Is Turning the Internet against Democracy, Robert W. McChesney transcends these one-sided engagements, offering a nuanced analysis of the development of the Internet within the context of monopoly capitalism, revealing both the limitations of this technology in its current state and its massive potential. | more…

Surveillance Capitalism

Monopoly-Finance Capital, the Military-Industrial Complex, and the Digital Age

The United States came out of the Second World War as the hegemonic power in the world economy. The war had lifted the U.S. economy out of the Great Depression by providing the needed effective demand in the form of endless orders for armaments and troops. Real output rose by 65 percent between 1940 and 1944, and industrial production jumped by 90 percent. At the immediate end of the war, due to the destruction of the European and Japanese economies, the United States accounted for over 60 percent of world manufacturing output. The very palpable fear at the top of society as the war came to a close was that of a reversion to the pre-war situation in which domestic demand would be insufficient to absorb the enormous and growing potential economic surplus generated by the production system, thereby leading to a renewed condition of economic stagnation and depression.… Postwar planners in industry and government moved quickly to stabilize the system through the massive promotion of a sales effort in the form of a corporate marketing revolution based in Madison Avenue, and through the creation of a permanent warfare state, dedicated to the imperial control of world markets and to fighting the Cold War, with its headquarters in the Pentagon. The sales effort and the military-industrial complex constituted the two main surplus-absorption mechanisms (beyond capitalist consumption and investment) in the U.S. economy in the first quarter-century after the Second World War. | more…

Electronic Communications Surveillance

The government is collecting information on millions of citizens. Phone, Internet, and email habits, credit card and bank records—virtually all information that is communicated electronically is subject to the watchful eye of the state. The government is even building a nifty, 1.5 million square foot facility in Utah to house all of this data. With the recent exposure of the NSA’s PRISM program by whistleblower Edward Snowden, many people—especially activists—are wondering: How much privacy do we actually have? Well, as far as electronic privacy, the short answer is: None. None at all. There are a few ways to protect yourself, but ultimately, nothing in electronic communications is absolutely protected. | more…

The New Surveillance Normal

NSA and Corporate Surveillance in the Age of Global Capitalism

The National Security Agency (NSA) document cache released by Edward Snowden reveals a need to re-theorize the role of state and corporate surveillance systems in an age of neoliberal global capitalism. While much remains unknowable to us, we now are in a world where private communications are legible in previously inconceivable ways, ideologies of surveillance are undergoing rapid transformations, and the commodification of metadata (and other surveillance intelligence) transforms privacy. In light of this, we need to consider how the NSA and corporate metadata mining converge to support the interests of capital. | more…

U.S. Control of the Internet

Problems Facing the Movement to International Governance

After the Snowden revelations, Internet governance has emerged from relative obscurity, involving only a small technical community, to occupy the center stage of human rights discourse and international relations.… Everyone agrees that digital technologies, including the Internet, are transformative technologies. They reorder society as a whole, as well as relations between society and individuals. But…[their] potential…has not been fully realized. A case in point: instead of the democratizing potential of the Internet, a few global corporations have created monopolies that are much bigger than those we have seen before, and this has happened in just two decades. What does this mean, for instance, for the plurality of media voices? We know that Internet advertising revenue in the United States, having previously overtaken the print media, has now overtaken even TV network advertising revenues. How did monopolies on such a scale happen, and happen so quickly? Does it have to do with the nature of the Internet? Or its architecture and governance? | more…