technocapitalism

Technocapitalism refers to a contemporary economic and social system characterized by the dominance of technology-driven capital, where technological innovation becomes a central component of economic growth and wealth accumulation. This term encapsulates the interplay between technology and capitalism, highlighting how advancements in technology influence economic structures, labor markets, and social relations. A significant aspect of technocapitalism is the rise of the intangible economy, which is marked by the increasing importance of non-physical assets such as intellectual property, brand value, and digital services. 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.

== Corporate power and organization == 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. The new organizations, which he refers to as experimentalist organizations are deeply grounded in technological research, as opposed to manufacturing and services production. They are also heavily dependent on the corporate appropriation of research outcomes as intellectual property.