Start-up investment expresses financial centrality rather than escaping it

Evidence

The investment in tech start-ups today is less an alternative to the centrality of finance and more an expression of it. Just like the original tech boom, it was initiated and sustained by a loose monetary policy and by large amounts of capital seeking higher returns. — Nick Srnicek, Platform Capitalism, 96

Categorization

• XREF: Ties to ‘asset-price Keynesianism’ theme and grounds the reader’s foundational interest: platforms as data-extraction bound up with financialized capital, a key contrast to Zuboff. — connects to: Financial capital both depends on and disciplines industrial production for returns — Clara E. Mattei, Escape from Capitalism, 419; Financialization both derives profits from finance and drains capital from productive investment — Natascha van der Zwan, Making Sense of Financialization, 29

Related

• Financial capital both depends on and disciplines industrial production for returns (similarity 0.80)

Broader Connections

• Financialization both derives profits from finance and drains capital from productive investment #complicates (0.80) — Natascha van der Zwan, Making Sense of Financialization, 29