Technocapitalism

This shift has led to new forms of economic centralization, where a few tech giants dominate markets due to their ability to scale rapidly and leverage synergies across different sectors.

[1][2][3][4][5][6] Luis Suarez-Villa, in his 2009 book Technocapitalism: A Critical Perspective on Technological Innovation and Corporatism argues that it is a new version of capitalism that generates new forms of corporate organization designed to exploit intangibles such as creativity and new knowledge.

[8] Taking into account the new relations of power introduced by the corporations that control technocapitalism, he considers new forms of accumulation involving intangibles—such as creativity and new knowledge—along with intellectual property and technological infrastructure.

At the core of this idea of the evolution of capitalism is that science and technology are not divorced from society—or that they exist in a vacuum, or in a separate reality of their own—out of reach of social action and human decision.

Dinesh D'Souza, writing about Silicon Valley in an article, used the term to describe the corporate environment and venture capital relationships in a high tech-oriented local economy.