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Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger and Thomas Ramge

Reinventing Capitalism in the Age of Big Data by Viktor Mayer-Schönberger and Thomas Ramge

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*Reinventing Capitalism in the Age of Big Data* argues that capitalism is undergoing a fundamental shift, driven by the fusion of big data and artificial intelligence. The authors posit that traditional market mechanisms, reliant on price signals and centralised firms, are being superseded by data-rich systems where algorithms connect buyers and sellers with unprecedented efficiency.

This evolution promises a more sustainable and egalitarian economy, enabling smaller groups to collaborate effectively. However, the decline of the traditional firm poses risks, including the potential loss of stable employment. The book explores how technology is reshaping capitalism and considers the implications of this transformation for society, business, and the future of work. It's a thought-provoking analysis of the changing economic landscape.

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