Intellectual monopoly capitalism—challenge of our times (Cédric Durand and Cecilia Rikap, Social Europe)

October 11, 2021

Scientia potentia est—knowledge is power. The old adage has acquired a sinister connotation with the alarming dominance of Big Tech in the economy and society as a whole. Corporate Europe Observatory recently revealed that the sector is now by far the leading business lobbyist of European Union institutions.

But this is only the tip of the Iceberg of what the Italian economist Ugo Pagano calls ‘intellectual monopoly capitalism’. Knowledge, which should be a (non-rival, non-exclusive) public good, has been privately appropriated by top companies as capital: the share of intangible assets among S&P 500 corporations increased from 17 per cent in 1975 to 90 per cent in 2020.

Intellectual monopoly capitalism—challenge of our times – Cédric Durand and Cecilia Rikap (socialeurope.eu)

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

Intellectual monopoly capitalism—challenge of our times (Cédric Durand and Cecilia Rikap, Social Europe)

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