Michel Bauwens on the democratization of the means of monetization
In this new work, Michel continues to propose powerful ideas that not only demonstrate his capacity for synthesis, but more importantly, his capacity to articulate ideas that facilitate points of convergence between broad sectors that are sympathetic to the ideas of production based on the commons.
Michel Bauwens sent us a work that will soon be published, in which he summarizes and clarifies what he sees as the possible evolution of the means of monetization in a world in which the P2P mode of production has gained strength.
[D]emonetization will be a good thing in many sectors under a regime of civic domination, we will also need new forms of monetization, and restore the feedback loop between value creation and value capture.
Netarchic capitalism, the direct result of recentralization, has established a new model of value, in which capital extracts it as an intermediary in the creation of platforms for P2P interaction between individuals, gradually renouncing its role of directly controlling information production.
So, cognitive capitalism can be said to be suffering a severe “value crisis,” in which the use value of production grows exponentially, but its exchange value grows linearly, and is almost exclusively captured by capital, giving rise to exacerbated forms of labor exploitation, especially with respect to the new informational proletariat:
It could be said that this creates a sort of “hyper-neoliberalism”… in classical neoliberalism, wages stagnate; in hyper-neoliberalism, salaried workers are replaced by isolated, and mostly precarious, freelancers.
For example, Bauwens cites preliminary studies that indicate that the average hourly wage of “digital workers” doesn’t exceed two dollars an hour, citing as a prototype of this phenomenon aggregation services like TaskRabbit, in which workers can’t communicate with each other, unlike clients.
The light at the end of the tunnel
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