TECHNOCAPITALISM &

TECHNOCRITICISM
Fundamental Philosophies of Technology

• Technology
- ("science of craft", from Greek
τέχνη, techne, "art, skill, cunning of
hand"; and -λογία, -logia) is the
collection of techniques, skills,
methods, and processes used in the
production of goods or services or in
the accomplishment of objectives,
such as scientific investigation.
• the application of scientific
knowledge for practical purposes,
especially in industry.
TECHNOCAPITALISM
• Capitalism
- is an economic system based on the
private ownership of the means of
production and their operation for
profit. Characteristics central to
capitalism include private property,
capital accumulation, wage labor,
voluntary exchange, a price system
and competitive markets
 TECHNOCAPITALISM
• Technocapitalism is an evolution of market capitalism that is rooted in rapid
technological innovation.

• The most important resources of the emerging technocapitalist era and the
information society that it spawned are intangibles. Creativity and knowledge are
by far the most important resources of this new era, much as raw materials, physical
capital or labor power were the fundamental resources of industrial capitalism and
early industrialization.
The information society could not have emerged without the new technologies
introduced by the rise of technocapitalism.

• Information Society- is a term for a society in which the creation, distribution, and
manipulation of information has become the most significant economic and cultural
activity.
 TECHNOCAPITALISM
• Innovations in software, digital communications, microprocessors and computing
that supported the emergence of technocapitalism have made it possible for the
information society to develop and spread.

• SHIFT FROM MANUAL  MENTAL LABOR

• GOODS-BASED  KNOWLEDGE- BASED
• i.e steel  computer technologies and software
• Tangible  intangible

Examples:
Internet technologies –Amazon, Google, Skype, Messenger, Social Media Platforms,
Zoom, Active Collab, Slack
 TECHNOCRITICISM
• is a branch of critical
theory devoted to the study
of technological change.

• treats technological transformation

as historically specific changes in
personal and social practices
of research, invention, regulation, di
stribution, promotion, appropriation,
use, and discourse