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Definition: digital capitalism


Using computers and the Internet for profit. Technically, every transaction on earth that uses a computer is digital capitalism if the end result is a profitable outcome. However, depending on its usage, the term may have a positive or negative connotation. For example, new software can be an outstanding success for a small startup, but big companies use their algorithms to become monopolies. See Web3.




Big Tech Is Making a Fortune
Dan Schiller contends that the Internet used to be aligned with individual freedom and equal access but today primarily exists to serve powerful interests. (MIT Press, 1999)