The Reality of the Sci-Fi Movies like ‘Elysium’ and ‘Star Wars:’ The Infinite Accumulation of Information Technology (IT) Capital
Out of the Galaxy of ‘Star Wars’ is not the Death-Star the ultimate expanse of Infinitely Accumulated IT Capital. A star base that can destroy worlds (this has to take the cake in terms of IT Capital)
I got this idea from French Economist Thomas Piketty. He claimed that with Information Technology (IT) Capital there is the potential of Infinite Accumulation/Investiture of Capital.
Whereas with Industrial Capital (like an aluminium-Can factory for soft drinks or beer cans) there is laws of diminishing returns on existing capital, the 4th factory might be more economically productive/viable than the 5th factory because there is less demand for the 100,000th can produced at the 5th factory [this is how Long Run production curves function with the Fundamental Economic law of diminishing returns]. Marginally speaking, the 50,000th can produced at the 4th aluminium can factory produces higher profits than the 100,000th or even 50,000th can produced at the 5th factory—because people are less willingly to buy their 10th can of Beer than their 1st or 2nd can of beer. This is the simplest way to express the idea of diminishing returns.
With IT capital diminishing returns factor in less than with physical production. Their is always more computer-human hybrid processing power to be purchased. Though computer chips themselves have diminishing returns in the power of their processing per dollar spent/invested in the computer chips. The unique combination of Human Capital with a Computer terminal and landed on a prime piece of Real Estate with ‘State of the Art’ facilities; this for the first time in Human history has spurred an investment dynamic that can never cease in the amount of money invested or divvied right in.
If you’ve seen my YouTube videos on the CTMU you’ll notice that I like to feature these settings of IT capital in the background on my Green Screen. Whether it be Apple’s HQ, the Hadron Collider, the LA Freeway, what you realize is that there is a Megalith of Investment in producing Real Life networks as in Cybernetics.
Another example might be the Computing enterprise which is Bloomberg L.P. I remember seeing a documentary of Bloomberg’s HQ which showed hundreds of terminals and a central computing ‘Mind’ which tracked every oil-shipping freighter (Boats) on the planet. There is money to be made in producing such integrated, plugged-in, and centralizing, Artificial ‘Minds.’
This is a prime example of how IT capital can accumulate.
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