https://issuu.com/devissues/docs/devissues_spring_2022
Economic intermediation is moving online. This means that the acts of purchase and distribution of goods are shifting from the physical to the digital. These platforms are able to create a competitive advantage for themselves because they reduce transaction costs and because they obtain greater economies of scale. online retailing reduces the number of intermediaries. however the balance of economic power will shift in complex ways. The experience of Asian colonization makes it clear that when trading platforms are monopolizes, wealth accrues not to the producers but to the distributors of goods.
Security aspects of the platform economy are under-emphasized. Large tech companies gather tremendous amount of data and wealth globally and this data and the technologies they develop are utilized by military authorities.
by Sunil Tankha
from International Institute of Social Studies 'DEVISSUES'
May 2022
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