Has Wealth Gone Digital?

Has Wealth Gone Digital?
Fix, Blair. (2019). Real-World Economics Review Blog. 6 October. (Article - Magazine; English).

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https://economicsfromthetopdown.wordpress.com/2019/10/01/has-wealth-gone-digital/, https://rwer.wordpress.com/2019/10/06/has-wealth-gone-digital/, http://www.socialisteconomist.com/2019/10/has-wealth-gone-digital.html

Abstract or Brief Description

Has wealth gone digital?

Both critics and cheerleaders of capitalism claim it has. The critics see non-material wealth as a problem. Digital wealth, they say, is fictitious. It’s lost touch with reality. The cheerleaders of capitalism see the same thing as a boon. Non-material wealth, they say, will decouple the economy from physical constraints. So the economy can grow forever! Which side is right? Neither, in my opinion. Instead, both sides misunderstand the nature of wealth. Wealth is not becoming non-material. No. Wealth has always been non-material. So the digital revolution isn’t changing the nature of wealth. It’s just laying bare the facts that have always been there.



Publication Type

Article - Magazine


CasP digital revolution exclusion immaterial wealth ownership power property rights sabotage


BN Law
BN Power
BN Business Enterprise
BN Capital & Accumulation
BN Conflict & Violence
BN Distribution
BN Institutions

Depositing User

Jonathan Nitzan

Date Deposited

08 Oct 2019 00:06

Last Modified

08 Oct 2019 00:06



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