{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed","title":"Digital Capitalism","author":null,"edition":null,"publisher":null,"year":null,"isbn":"2021022153","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed","id":"50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed","uuid":"50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed","title":"Digital Capitalism","normalized_title":"digitalcapitalism","author":null,"edition":null,"publisher":null,"year":null,"isbn":"2021022153","isbns":["2021022153","9781032119182","9781032119205","9781003222149","2405518376"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":343,"navigation_url":"https://workshop.closeclaw.top/ai/book/50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed","title_url":"https://workshop.closeclaw.top/ai/title/Digital%20Capitalism","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed","page_url":"https://workshop.closeclaw.top/api/ai/books/50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed/page","search_url":"https://workshop.closeclaw.top/api/ai/books/50b7f922-b940-4a05-8eb0-c4dc0d8ec9ed/search"},"page":{"printed_page":215,"pdf_page":229,"physical_index":229,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"7e61d7f67b14fec77d59cf4b504f98b8b601297ed01b9fdccc3a417312b3f9b6"},"chapter":"DIGITAL CAPITALISM","content":"The time period 1960–2015 is one, in which the computer has arisen, shaped, and transformed capitalist economies. As a result, both in the USA and the EU15 countries the organic composition has, in this period covering 55 years, increased from around 20% to almost 30%, which confirms Marx’s analysis that there is a tendency of the organic composition to rise that results from the technification and scientification of production. The rate of profit in both the USA and the EU dropped as a result of increasing wages and the working class’ struggles in the 1960s until the middle of the 1970s, the time of a large global economic crisis. In the decades following the mid-1970s, the increasing organic composition puts a downward pressure, and the increasing rate of surplus-value put an upward pressure on the rate of profit. The microelectronic revolution extended and intensified the role of technology in capitalism and financing computerisation accounted for a growing share of total capital. As a result, the rate of profit both in the EU and the USA fluctuated and never returned to the rates it had reached in the 1960s.\n\nChapter Nine | Social Media and the Capitalist Crisis\n\n215\n\nThe Capitalist Crisis","previous_page":214,"next_page":216}