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Platforms, Merchants, and Market Space

Christopher Muellerleile Orcid Logo

Market/Place

Swansea University Author: Christopher Muellerleile Orcid Logo

Abstract

This chapter argues that the emergence of telegraphic technologies and their effects on markets in 19th century offers a unique analytical lens through which to rethink the spatiality of contemporary digital platforms. The chapter considers the effects of separating the communication of information...

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Published in: Market/Place
ISBN: 9781788211260 9781788211277
Published: Newcastle Agenda 2020
Online Access: https://www.agendapub.com/books/79/market-place
URI: https://cronfa.swan.ac.uk/Record/cronfa51240
first_indexed 2019-07-28T22:29:55Z
last_indexed 2021-09-22T03:11:01Z
id cronfa51240
recordtype SURis
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spelling 2021-09-21T14:29:03.3226012 v2 51240 2019-07-28 Platforms, Merchants, and Market Space 62c8e47d6145081a464eadba0ff5c942 0000-0001-9685-6345 Christopher Muellerleile Christopher Muellerleile true false 2019-07-28 BGPS This chapter argues that the emergence of telegraphic technologies and their effects on markets in 19th century offers a unique analytical lens through which to rethink the spatiality of contemporary digital platforms. The chapter considers the effects of separating the communication of information from the transportation of physical goods, and what effects this separation has on the character of markets and market makers. Specifically, the chapter compares telegraph enabled commodity and financial exchanges in the 19th century with digital platforms such as Amazon, Airbnb, and Facebook. A number of common effects are apparent. First, in both instances, the merchant class appears to acquire disproportionate power in rearranging the spatialities of the socio-economy according to the logics of exchange value. Second, one of the main ways they acquire this power is through the shrewd management of vast increases in circulating information. In part this is accomplished by constructing new abstract categories and in some cases, full-fledged information infrastructures. Third, financial and commodity merchants and contemporary platform capitalists both succeed by evading previous systems of social and juridical regulation, one effect of which is a tendency toward monopolization. Book chapter Market/Place Agenda Newcastle 9781788211260 9781788211277 26 3 2020 2020-03-26 https://www.agendapub.com/books/79/market-place COLLEGE NANME Biosciences Geography and Physics School COLLEGE CODE BGPS Swansea University 2021-09-21T14:29:03.3226012 2019-07-28T16:18:11.0401255 Faculty of Science and Engineering School of Biosciences, Geography and Physics - Geography Christopher Muellerleile 0000-0001-9685-6345 1
title Platforms, Merchants, and Market Space
spellingShingle Platforms, Merchants, and Market Space
Christopher Muellerleile
title_short Platforms, Merchants, and Market Space
title_full Platforms, Merchants, and Market Space
title_fullStr Platforms, Merchants, and Market Space
title_full_unstemmed Platforms, Merchants, and Market Space
title_sort Platforms, Merchants, and Market Space
author_id_str_mv 62c8e47d6145081a464eadba0ff5c942
author_id_fullname_str_mv 62c8e47d6145081a464eadba0ff5c942_***_Christopher Muellerleile
author Christopher Muellerleile
author2 Christopher Muellerleile
format Book chapter
container_title Market/Place
publishDate 2020
institution Swansea University
isbn 9781788211260
9781788211277
publisher Agenda
college_str Faculty of Science and Engineering
hierarchytype
hierarchy_top_id facultyofscienceandengineering
hierarchy_top_title Faculty of Science and Engineering
hierarchy_parent_id facultyofscienceandengineering
hierarchy_parent_title Faculty of Science and Engineering
department_str School of Biosciences, Geography and Physics - Geography{{{_:::_}}}Faculty of Science and Engineering{{{_:::_}}}School of Biosciences, Geography and Physics - Geography
url https://www.agendapub.com/books/79/market-place
document_store_str 0
active_str 0
description This chapter argues that the emergence of telegraphic technologies and their effects on markets in 19th century offers a unique analytical lens through which to rethink the spatiality of contemporary digital platforms. The chapter considers the effects of separating the communication of information from the transportation of physical goods, and what effects this separation has on the character of markets and market makers. Specifically, the chapter compares telegraph enabled commodity and financial exchanges in the 19th century with digital platforms such as Amazon, Airbnb, and Facebook. A number of common effects are apparent. First, in both instances, the merchant class appears to acquire disproportionate power in rearranging the spatialities of the socio-economy according to the logics of exchange value. Second, one of the main ways they acquire this power is through the shrewd management of vast increases in circulating information. In part this is accomplished by constructing new abstract categories and in some cases, full-fledged information infrastructures. Third, financial and commodity merchants and contemporary platform capitalists both succeed by evading previous systems of social and juridical regulation, one effect of which is a tendency toward monopolization.
published_date 2020-03-26T13:53:08Z
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score 11.247077

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