State Platform Capitalism: The United States, China, and the Global Battle for Digital Supremacy

Global capitalism is being reshaped by two major trends. States have become increasingly interventionist, reshaping their economies in response to crises and geopolitical tensions. Secondly, digital platform giants have emerged from the US and China that concentrate political economic power in private hands. This Element argues that these trends are increasingly symbiotic. Digital platforms are being folded into the spiralling rivalry between the US and China. As states tap into their extra...