The effectiveness of trust has been extensively investigated in entrepreneurship studies. However, compared to the outcomes of trust, we still lack knowledge about the mechanisms underlying venture capitalists' initial trust in entrepreneurs. Drawing from signal theory and impression management theory, this study explores an impression management motivational explanation for the influencing factors of venture capitalists' initial trust. An empirical test is based on 202 valid questionnaires from venture capitalists, and the results indicate that the signal of five (...) dimensions of entrepreneurial orientation has a significant impact on the initial trust of venture capitalists and that a signal of entrepreneurial orientation of perseverance or passion positively influences venture capitalists' initial trust through acquired impression management strategies, while a signal of entrepreneurial orientation of risk-taking, innovation, or proactivity positively affects the initial trust of venture capitalists through defensive impression management strategies. The perceptions of entrepreneurs' hypocrisy by venture capitalists negatively moderate the relationship between acquired impression management strategies and the initial trust of venture capitalists and negatively moderate the relationship between defensive impression management strategies and the initial trust of venture capitalists. (shrink)

Managers and others have long debated the merits of different reward systems, such as piecework, hourly rates, bonuses, stock options, and the like. They have usually focused on the efficiency of these systems, but they have also had to consider their side effects on relationships, trust, and calls for fair treatment. Such debates local to every organisation play out the issues of rewards and equity in market-based societies as a whole. This paper examines the concept of equity in the distribution (...) of resources in a society of capitalists. It begins with a discussion of the nature of individual capitalism in modern societies. Then, using production and consumption as the two basic functions of a society, it presents a schema for analysing equity. It concludes with a suggestion for overcoming income inequity. (shrink)

Three prominent economists born early in the twentieth century—James Buchanan, Jack Hirshleifer, and Simon Rottenberg—switched from a belief in socialism in their twenties or thirties to strong support for free markets. Interviews show that for all three, and especially for Buchanan and Rottenberg, what changed them is what they learned in their economics classes. For Hirshleifer, another major influence was the pact between Hitler and Stalin, which caused him to be more skeptical about leftist ideas and made him more open (...) to intellectual criticisms of socialism. (shrink)

China has for almost four decades been experiencing a market transition and an associated tax state transition, leading to the emergence of capitalists who increasingly control economic resources and serve as important sources of tax revenue. Some theories suggest that these changes should give capitalists political power. From the perspective of the taxation institution, using a mechanism-based case study, this article investigates whether China’s emerging capitalists have gained bargaining power with the party-state. Findings suggest that hidden bargaining, (...) patron-clientelism, legislature co-optation, and legal repression constrain their bargaining power. The underinstitutionalized taxation system has co-opted the capitalists through patronage and, more important, deterrence, thereby building an asymmetric mutual dependence between the local state and capital owners. (shrink)

In his latest book, _Ethics for Capitalists_, Joseph Heath draws on his many years of thinking about business ethics to propose, as the book’s subtitle indicates, “a systematic approach to business ethics, competition, and market failure.” He develops his argument carefully, draws on a wealth of interdisciplinary work, uses valuable and insightful examples, contrasts his views with important alternatives, and provides responses to compelling objections. In this review article, we argue that his book revises and sharpens many of Heath’s earlier (...) ideas, addressing important criticisms raised against them. We highlight that the book also offers a broad macro-level framework for market design, an explanation of how current corporate governance structures fit such a framework, and concrete responses to micro-level questions about what businesses and individuals ought to do. By doing all of this, his book shifts the scope of the “market failures approach” (MFA) from what used to be a narrow focus on the obligations of professional managers to an encompassing “ethics for capitalists” that ought to guide any economic actor within a capitalistic system. Despite the many merits of his book, we conclude by discussing some concerns we have about its scope and methodology. (shrink)

In China, many private entrepreneurs have obtained political offices in the government. In this study, we argue that Chinese private entrepreneurs who are formally connected with government institutions, compared to other Chinese private entrepreneurs, tend to contribute more to philanthropic causes not only for instrumental concerns but also out of altruistic values. We submit this argument to an empirical test through a secondary data analysis of a representative sample of Chinese entrepreneurs collected by a coalition of government and industry groups. (...) The results of this analysis show that politically connected entrepreneurs are more likely to make major philanthropic donations and, at the same time, hold a stronger sense of the responsibility for doing so. The most important contribution of this research is that it reveals the ethical basis of the philanthropic activities of Chinese private entrepreneurs, especially those with political connections, that has been unappreciated by extant literature. (shrink)

Agassi’s radical skepticism leads to the following practical suggestion: When investors consider the likelihood that a suggested innovation will materialize, they should refer to the question: does this idea (that this innovation materializes) raise or reduce the strangeness of the world? And to answer this question, they should examine if the suggested technology is consistent with accepted scientific theories, and if it explains unexpected phenomena. This recommended method is not based on Bayesian epistemology but on a psychological theory of beliefs (...) consistent with skepticism. (shrink)

In general, capitalists deserve profits and losses for their contribution to the general welfare. Market imperfections and the range of permissible prices (at least within the boundaries of exploitation) prevent the alignment from being a direct one, but the connection generally holds. In the context of the market, this thesis preserves the central place of moral responsibility in moral desert. It also satisfies the fittingness and proportionality conditions of moral desert and provides a backward-looking and pre-institutional ground of it. (...) In addition, the focus on contribution unifies several different types of act-based desert, specifically deserved profits and losses, deserved punishment, and deserved wages. Hence, to the extent that desert-satisfaction is relevant in the selection of an economic system, this result strengthens the case for capitalism. (shrink)

In a modern capitalist society, the senior executives of large profit-seeking corporations play an important role in shaping the collective life of the society as a whole. In this sense, they exercise social authority. This his book argues that if such authority is to be accepted as legitimate, it must be understood as a form of political authority that is exercised in concert with the authority of governments.

This paper analyses the main perceptions of capitalism and crises from a mainstream and heterodox perspective. Broadly defined within the neoclassical structure, the mainstream approaches support the idea of long-term stability of capitalism and describe crises as exogenous events. The heterodox perceptions, on the contrary, perceive crises as an internal feature of capitalism and propose to reframe the global economy within the limits of the socio-environmental systems. Despite the historical recurrence of crises, the neoclassic capitalist framework and the related mainstream (...) perceptions are still dominating the international economic debate. Most of the crises have then been addressed with reforms oriented to adjust some elements of the system without changing the overall economic structure. On the contrary, limited numbers of initiatives have been implemented to reorganise the economy according to the heterodox perspectives. Within this context, further analysis would be needed to investigate the feasibility of the proposed heterodox solutions. By discussing the main perceptions of capitalism and crises and by considering the ethical implications of the mainstream and the heterodox approaches, the present paper contributes to the existing debate around stability of capitalism and provides a starting point for analysis oriented to investigate the feasibility of alternative economic structures. (shrink)

Our global ecological crisis demands that we question the rationality of the culture that has caused it: western modernity's free market capitalism. Philip Goodchild develops arguments from Nietzsche, Adorno, Horkheimer, and Marx, to suggest that our love of Western modernity is an expression of a piety in which capitalism becomes a global religion, in practice, if not always in belief. This book presents a philosophical alternative that demands attention from philosophers, critical theorists, philosophers of religion, theologians, and those in ecological (...) politics. (shrink)

Orthodox economics operates within a hypothesized world of perfect competition in which perfect consumers and firms act to bring about supposedly optimal outcomes. The discrepancies between this model and the reality it claims to address are then attributed to particular imperfections in reality itself. Most heterodox economists seize on this fact and insist that the world is characterized by imperfect competition. But this only ties them to the notion of perfect competition, which remains as their point of departure and base (...) of comparison. There is no imperfection without perfection. In Capitalism, Anwar Shaikh takes a different approach. He demonstrates that most of the central propositions of economic analysis can be derived without any reference to standard devices such as hyperrationality, optimization, perfect competition, perfect information, representative agents, or so-called rational expectations. This perspective allows him to look afresh at virtually all the elements of economic analysis: the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh's innovative theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post-Keynesian approaches to the same issues. Shaikh's object of analysis is the economics of capitalism, and he explores the subject in this expansive light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text. (shrink)

I suggest that we can read Marx in the light of recent analytic, neo-Hegelian thought. I summarize the Pittsburgh School philosophers’ claims about the myth of the given, the claim that human experience is conceptual all the way out, and that we live in a space of reasons. I show how Hegel has been read in those terms, and then apply that reading of Hegel to Marx’s argument that capital is akin to what Hegel called Geist, or spirit. We can (...) understand capitalism as a space of reasons that is contradictory: while the space of reasons is supposed to make human freedom possible, our space of reasons makes freedom impossible. Reading Marx in this way is helpful, because it avoids the flaws of analytical Marxism, existentialism and structuralism. However, it raises a large problem of its own: Can the theory of the space of reasons be applied to a society that is not free of alienation? I argue that it can, but only in ways that would not satisfy the analytic neo-Hegelians themselves. (shrink)

ABSTRACT The article critically discusses Rahel Jaeggi’s recent philosophical contribution to a critical theory of capitalism. The first part reconstructs Jaeggi’s account of Lebensform, life-form, that builds up the main ontological framework for addressing and problematizing capitalism intended not as an economic system but as a social whole. The second part focuses on the three different theoretical strategies that Jaeggi puts forward to detect and deal with capitalism’s immanent flaws. The third and last part problematizes the metaphysical assumptions and implications (...) of Jaeggi’s understanding of life-form and outlines a more dialectical, or “transactional” notion of form of life, which is inspired by Dewey’s non-reductionist naturalist method of inquiry. The overall aim is to strengthen the philosophical critique of the capitalist form of life. (shrink)

Capitalism is back. Three decades ago, when all alternatives to liberal democracy and free markets appeared discredited, talk of capitalism seemed passé. Now, after a decade of political and economic turmoil, capitalism and its temporal critique of progress and decline again seems an indispensable category to understanding a world in flux. Among the social sciences, historians have led both the embrace and critique of this ‘re-emergent’ concept. This roundtable discussion between leading and emerging Australian scholars working across histories of economy, (...) work, policy, geography and political economy, extends this agenda. Representing the outcome of a workshop convened at La Trobe University in November 2018 and responding to questions posed by conveners Huf and Rees, five participants debate the nature, utility and future of the new constellation of ‘economic’ historical scholarship. While conducted well before the outbreak of COVID-19, the ensuring discussion nevertheless speaks saliently to the crises of our times. (shrink)

Contemporary capitalism is in effect, if not in intent, Deleuzian. As a network of networks, it is rhizomatic, flexible, chaosmotic, evolving, expanding. In the negativist spirit that characterizes the work of the Frankfurt School, this article shows via an analysis of the goverment of the self, the commodification of culture and the modification of nature, how contemporary capitalism does colonize not only the life-world but also life itself.

Capitalism and Classical Social Theory offers a rigorous introduction to classical social theory, highlighting the enduring relevance of classical works for understanding the many crises of the contemporary world. This popular theory book introduces students to a selection of classical social thinkers and demonstrates the relevance of the classical canon in contemporary society--a society marked by social inequality, insecurity, transformative AI, and the climate emergency. The fourth edition features updated examples, data, and images throughout, as well as new material on (...) early American sociology and new literature on classical social theorists from the past five years. It reintroduces a chapter on Georg Simmel and urbanism, and it includes a new chapter exploring the intersection of the COVID-19 pandemic and class, race, and gender. While attentive to historical context, Capitalism and Classical Social Theory argues that classical theorists speak directly to the present challenges of inequality, social change, and the climate crisis in the twenty-first century. (shrink)

Contemporary capitalism is becoming increasingly metaphysical. The article contrasts a ‘physical’ capitalism – of the national and manufacturing age – with a ‘metaphysical capitalism’ of the global information society. It describes physical capitalism in terms of (1) extensity, (2) equivalence, (3) equilibrium and (4) the phenomenal, which stands in contrast to metaphysical capitalism’s (1) intensity, (2) inequivalence (or difference), (3) disequilibrium and (4) the noumenal. Most centrally: if use-value or the gift in pre-capitalist society is grounded in concrete inequivalence, and (...) exchange-value in physical capitalism presumes abstract equivalence, then value in contemporary society presumes abstract inequivalence. The article argues that the predominantly physical causation of the earlier epoch is being superseded by a more metaphysical causation. This is discussed in terms of the four Aristotelian causes. Thus there is a shift in efficient cause from abstract homogenous labour to abstract heterogeneous life. Material cause changes from the commodity’s units of equivalence to consist of informational units of inequivalence. Formal cause takes place through the preservation of form as a disequilibriate system through operations of closure. These operations are at the same time information interchanges with a form’s environment. Final (and first) cause becomes the deep-structural generation of information from a compressed virtual substrate. This may have implications for method in the social and human sciences. The article illustrates this shift with a brief discussion of global finance. (shrink)

This speculative paper enquires into the discourse of the ‘end of labour’ or ‘disappearance of labour’ as a result of the development of ‘intelligent capitalism’ clearly seen in ‘intelligent manufacturing’ systems that are now pursued and developed as Industry 4.0 strategy in East Asia, Germany and others parts of the world. When ‘intelligent capitalism’ becomes the norm rather the exception what happens to labour as a factor of production and what happens to economy and society based on capital and labour? (...) The paper briefly reviews the sociology of labour from a Marxist view to examine conceptions of Fordist and post-Fordist capitalism, and explore the advert of ‘intelligent capitalism’ to pose the question concerning education. (shrink)

The Capitalist Schema uses marxist philosophy to explain how money frames all social relations in our capitalist world and how money regulates and conditions social references to past and future social life. Consequently, modern life becomes ever more abstract and leveled, and all human desire becomes channeled towards profit and making money.

Interest in the relationship between race and the expanded reproduction of capitalism has exploded across the social sciences and humanities over the past several years. Despite this widespread appreciation and interest, profound disagreement, debate, and analytical impression persists, not least regarding the relationship between race and the necessary ‘laws of motion’ of capitalist society. This article begins by tracing the core approaches to the race and capitalism conversation, paying particular attention to their understanding of the necessity/contingency distinction. It then proceeds (...) to make the case for race as a contingent – which, emphatically, does not mean local or insignificant – relatively autonomous, and historically path-dependent terrain of struggle in capitalist society, which has largely functioned to maintain capital’s necessary disequilibrium between the value form and its value relations, but need not do so. It closes by exploring the implications of this claim in relation to recent historical-geographical research on post-1898 US imperialism. (shrink)

This book discusses how rational choice theory grew out of RAND's work for the US Air Force. It concentrates on the work of William J. Riker, Kenneth J. Arrow, James M. Buchanan, Russel Hardin, and John Rawls. It argues that within the context of the US Cold War with its intensive anti-communist and anti-collectivist sentiment, the foundations of capitalist democracy were grounded in the hyper individualist theory of non-cooperative games.

In this article, we will outline the principles of stakeholder capitalism and describe how this view rejects problematic assumptions in the current narratives of capitalism. Traditional narratives of capitalism rely upon the assumptions of competition, limited resources, and a winner-take-all mentality as fundamental to business and economic activity. These approaches leave little room for ethical analysis, have a simplistic view of human beings, and focus on value-capture rather than value-creation. We argue these assumptions about capitalism are inadequate and leave four (...) problems in their wake. We wish to reframe the narrative of capitalism around the reinforcing concepts of stakeholders coupled with value creation and trade. If we think about how a society can sustain a system of voluntary value creation and trade, then capitalism can once more become a useful concept. (shrink)

Following a workshop on ‘Wildening the public sphere’ with Nancy Fraser at the Berlin Centre for Social Critique in June 2022, we had the chance to continue the discussion via Zoom in November 2022. We start by illuminating the relation between ‘subaltern counterpublics’ and the public-at-large, the rise of right-wing counterpublics and the impact of so-called ‘social media’ on the public sphere. That brings us to the question how publics are situated within capitalism, and how they are able to politicize (...) issues that are traditionally considered private in capitalist societies. This is particularly interesting in regard to the pressing political task of forming an extended and non-essentialist working class identity that is able to mediate different ‘faces of labour’, as Fraser puts it in her recent Benjamin Lecture (2022a). (shrink)

This book offers a critical analysis of the rise of the US to global hegemony against a background of increased erosion of democracy and rule of law, and a rising linear pattern of near-absolute capitalist development. The author argues that the significant shrinkage of the ideological spectrum globally, as a result of worrisome levels of business and government interpenetration, has created a dangerous 'prefascist configuration' whereby unthinkable levels of violence have been normalized through the use of technologies such as drones, (...) increasingly condoned even by 'liberal' groups and the so-called political left. Using the example of the Obama administration and its increased reliance on drone assassinations, the volume makes a case for the dangers that lie in today's unique convergence of lack of transparency in government, business-government interpenetration, informal social regimentation, and militarization of capitalism. (shrink)

Even if we do not observe those who own or manage capital doing anything, are there nevertheless good reasons for saying that they have power over government? My thesis is that, on any analysis of `power over others' that enables us to say that voters have power over those elected and that consumers have power over producers, we also have to say that those who own or control capital have power over government. Conversely, the reasons that can be given (and (...) have been given) for denying that owners of capital have power over governments would be equally good reasons for denying that voters have power over governments and that consumers have power over producers. Key Words: power • capitalism • democracy. (shrink)

Capitalism and Classical Social Theory, Second Edition offers solid coverage of the classical triumvirate (Marx, Durkheim, and Weber), but also extends the canon strategically to include Simmel, four early female theorists, and the writings of Du Bois.

ABSTRACT Capitalism on Edge aims to redraw the terms of analysis of the so-called democratic capitalism and sketches a political agenda for emancipating society of its grip. This symposium reflects critically on Azmanova’s book and challenges her arguments on methodological, thematic, and substantive grounds. Azar Dakwar introduces the book’s claims and wonders about the nature of the anti-capitalistic agency Azmanova’s ascribes to the precariat. David Ingram worries about Azmanova’s deposing of “economic democracy” and the impact of which on the prospect (...) of radical change she advocates. William Callison casts doubt over the empirical plausibility of Azmanova’s vision of crisis-free transition out of democratic capitalism. Eilat Maoz interrogates Azmanova’s emancipatory project from the historical standpoint of (de)colonization and global imperialism. In her reply to these criticisms, Azmanova accepts some and parries others, while bringing their points closer to her anti-capitalist vision. (shrink)

In response to Eric Aarons' `Why Communism failed' (Dissent no. 4, 2001) it is argued that the present "capitalist" system is in fact so regulated as to be a hybrid of capitalist and socialist principles. It has some success in putting economic power into the hands of most people, though it needs restraint to cope with market failures.

In Capitalism, Alienation and Critique Asger Sørensen offers a wide-ranging argument for the classical Critical Theory of the Frankfurt School, thus endorsing the dialectical approach of the original founders (Horkheimer, Adorno, Marcuse) and criticizing suggested revisions of later generations (Habermas, Honneth). Being situated within the horizon of the late 20th century Cultural Marxism, the main issue is the critique of capitalism, emphasizing experiences of injustice, ideology and alienation, and in particular exploring two fundamental subject matters within this horizon, namely economy (...) and dialectics. Apart from in-depth discussions of classical political economy and Hegelian dialectics, the explorative and inclusive argument also takes issues with Émile Durkheim’s theory of value, the general economy of Georges Bataille and the dialectics of Mao Zedong. -/- - See below External Links to the book's homepage at the publisher Brill and to the Introduction. - See also External Links to a Youtubevideo from a seminar on the book in Belgrade, November 2019 and two Author Meet Critics sections from 2020 and 2021. (shrink)

The central argument of this article lies in the intent to think, from a reading of The Invention of Morel, about the subversion possibilities, simultaneously discursive and operational, of certain structures of capitalism, carried out by discrete elements of society, regardless of their social standing. Discussing Morel himself and his invention, I postulate the hypothesis that Morel is subversive because he is perverse. As a preamble to this discussion, and in an attempt to turn it into a critique of current (...) times, a reading of Slavoj Žižek’s 2009 article entitled “Censorship Today: Violence, or Ecology as a New Opium for the Masses” will be undertaken. Through a comparative analysis of the rational underlying the four antagonisms which, in Žižek’s opinion, will prevent the indefinite reproduction of the current “naturalization” of capitalism in the global world, and Morel and his invention, one concludes the latter’s obscene perversity causes, through exaggeration, potentially destructive effects of the very mechanisms and capitalist subsystems which generated them, thus deconstructing their significant codes. (shrink)

Some of the world's most powerful corporations practise what Shoshana Zuboff (2015; 2019) calls ‘surveillance capitalism’. The core of their business is harvesting, analysing and selling data about the people who use their products. In Zuboff's view, the first corporation to engage in surveillance capitalism was Google, followed by Facebook; recently, firms such as Microsoft and Amazon have pivoted towards such a model. In this paper, I suggest that Karl Marx's analysis of the relations between industrial capitalists and workers (...) is closely analogous to the relations between surveillance capitalists and users. Furthermore, three problematic aspects of industrial capitalism that Marx describes – alienation, exploitation and accumulation – are also aspects, in new forms, of surveillance capitalism. I draw heavily on Zuboff's work to make these parallels. However, my Marx-inspired account of surveillance capitalism differs from hers over the nature of the exchange between users and surveillance capitalists. For Zuboff, this is akin either to robbery or the gathering of raw materials; on the Marx-inspired account it is a voluntary sale. This difference has important implications for the question of how to resist surveillance capitalism. -/- Joint winner of the 2020 Philosophy essay prize. (shrink)

The recognition of capitalism as a core component of modernity has often led to conflation of the two categories; this happens to critics as well as defenders of capitalism, and it reflects their shared but only partly acknowledged premises. A tendency to interpret capitalism as a self-contained system has strongly affected the debate on its historical significance; this reductionistic approach could be adapted to different ideological stances as well as to changing views of capitalism's long-term trajectory. The notion of a (...) `spirit of capitalism', in the sense of cultural sources essential to the constitution (and arguably also to the continuity) of the capitalist order, has been one of the most important correctives to economic determinism and reductionism, but it has proved difficult to link this dimension to other aspects of the problematic. The article surveys the contributions of Weber, Sombart, Castoriadis and - most recently - Luc Boltanski and Eve Chiapello to this debate. The last section then discusses the work of Fernand Braudel and suggests that it could serve to reformulate the problematic of capitalism in more multidimensional terms. (shrink)

In _Capitalism, Alienation and Critique_ Asger Sørensen offers an argument for first generation Critical Theory of the Frankfurt School, discussing furthermore Hegelian dialectics and that of Mao, as well as classical political economy and the general economy of Georges Bataille.

Capitalism is defined as the economic structure in which decisions over production are largely made by or on behalf of individuals in virtue of their private property ownership, subject to the incentives and constraints of market competition. In this paper, I will argue that considerations of long-term welfare, such as those developed by Greaves and MacAskill (2021), support anticapitalism in a weak sense (reducing the extent to which the economy is capitalistic) and perhaps support anticapitalism in a stronger sense (establishing (...) an alternative economic structure in which capitalism is not predominant). I hope to encourage longtermists to give anticapitalism serious consideration, and to encourage anticapitalists to pursue criticisms of capitalism’s efficiency as well as its injustices. (shrink)

This dialogue engages with the ethics of politics of capitalism, and enacts a debate between two participants who have divergent views on these matters. Beginning with a discussion concerning definitions of capitalism, it moves on to cover issues concerning our different understandings of the costs and benefits of global capitalist systems. This then leads into a debate about the nature and purposes of regulation, in terms of whether regulation is intended to make competition work better for consumers, or to prevent (...) negative outcomes for citizens. The conclusion speculates about the usefulness or otherwise of this Socratic method of dialogue. (shrink)

Capitalism is not enough. It has brought us prosperity and no other economic system can match its energy and innovation, but it has a dark side of exploitation and instability. Capitalism needs to be bounded by values. But which values? What indeed are values anyway and how do we locate and share values strong enough to balance the power of capitalism in society? Relativism has swept away old certainties and we struggle to agree what should lie at the centre of (...) our lives. In this book we construct a foundation for values based on our common humanity and explore personal, social and political values from a fresh perspective. We show how with values placed on a strong foundation individual lives can reacquire meaning and purpose. Politics can be transformed from the half-corrupted subject of popular indifference it has become. Above all, capitalism can be a tool for good, a servant rather than a master. (shrink)

This article investigates the potential role of the commons in the future transformation of digital capitalism by comparing it to the role of the commons in the transition to capitalism. In medieval and early modern Europe the commons supported gradual social and technological innovation as well as a new civil society organized around the combination of commons-based petty production and new ideals of freedom and equality. Today the new commons generated by the global real subsumption of ordinary life processes are (...) supporting similar forms of commons-based petty production. After positioning the new petty producers within the framework of the crisis of digital capitalism, the article concludes by extrapolating a number of hypothetical scenarios for their role in its future transformation. (shrink)