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| Formation Mechanism and Basic Characteristics of Digital Capitalism |
| LI Yan1,2, HAN Zhi-we1 |
1. Research Center for Basic Theory of Philosophy & College of Philosophy and Sociology, Jilin University,Changchun,Jilin,130012;
2. Shenzhen Youth College,Shenzhen,Guangdong,518049 |
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Abstract Digital capitalism is a general term for capitalism dominated by digital media. In term of internal formation mechanism, it is the reconstruction process of contemporary capitalism with the advent of the Internet and information technology. It can be comprehended from “digital capital accumulation”, “digital labor and creation” and “digital exploitation of surplus value ”. The revolution, popularization and further development of the Internet and information technology respectively paves the way for the accumulation of digital capital, massive digital production and the creation of digital surplus value. Compared with conventional industrial capitalism and financial capitalism, digital capitalism is characterized by “the prevalence of digital Taylorism” and “production-oriented life”. The former can be seen from the use of the same tools, extremely simplified operation, and automatic regulation, while the latter can be seen from industrialized living space and colonized time for life. Despite all the changes in its form, digital capitalism is still capitalism in essence, and it is exploitative and coercive as it is subject to capital logic. Criticizing digital capitalism is not to deny the productivity progress brought by digitalization, but to show the possible liberation from the alienation of digital labor.
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Received: 15 January 2021
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2021, Vol. 38 
