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Platform economy as a new form of capitalism: a Régulationist research programme

Author

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  • Matthieu Montalban
  • Vincent Frigant
  • Bernard Jullien

Abstract

The terms ‘platform economy’ or ‘sharing economy’ have become widespread with the development of digital platforms like Uber. This economy is transforming capitalism and raising important questions about its nature. Is it a new process of embeddedness or is it the next step for deregulation following the crisis of the financialised regime of accumulation (RA)? Is it a possible new Growth Regime? Using the approach of the French Régulation school of thought, we describe the nature and transformations of the form of competition inherent in platforms. Although this may favour some forms of re-embeddedness, we show that it will accelerate some of the trends and characteristics of the institutional forms of the financialised RA and that it is an endogenous product of its crisis. This raises further questions and uncertainties related to the ability of platforms to generate stable long run growth due to the dysfunctionality of the mode of régulation and the conflicts it could generate.

Suggested Citation

  • Matthieu Montalban & Vincent Frigant & Bernard Jullien, 2019. "Platform economy as a new form of capitalism: a Régulationist research programme," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(4), pages 805-824.
    • Handle: RePEc:oup:cambje:v:43:y:2019:i:4:p:805-824.
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    File URL: http://hdl.handle.net/10.1093/cje/bez017
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    Cited by:

    1. Zhongjin Li & Hao Qi, 2023. "The Profitability Puzzle of Digital Labor Platforms," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(4), pages 617-628, December.
    2. Sebastián Fernández Franco & Juan M. Graña & Cecilia Rikap, 2024. "Dependency in the Digital Age? The Experience of Mercado Libre in Latin America," Development and Change, International Institute of Social Studies, vol. 55(3), pages 429-464, May.
    3. Garzón Espinosa, Eduardo & Cruz Hidalgo, Esteban & Medialdea Garcia, Bibiana & Sanchez Mato, Carlos, 2023. "Money or Crypto-Gold? Problematics and Possible Worlds for Cryptocurrencies," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 76(3), pages 429-452.
    4. Hong, Junjie & Shi, Fangyuan & Zheng, Yuhan, 2023. "Does network infrastructure construction reduce energy intensity? Based on the “Broadband China” strategy," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    5. Gruszka, Katarzyna & Pillinger, Anna & Gerold, Stefanie & Theine, Hendrik, 2022. "(De)valuation of household cleaning in the platform economy," Ecological Economic Papers 44/2022, WU Vienna University of Economics and Business.
    6. Andrea Coveri & Claudio Cozza & Dario Guarascio, 2021. "Monopoly Capitalism in the Digital Era," Working Papers in Public Economics 209, Department of Economics and Law, Sapienza University of Roma.
    7. Alexandre Chirat, 2022. "Consumer sovereignty in the digital society," EconomiX Working Papers 2022-25, University of Paris Nanterre, EconomiX.
    8. Jean-Marc Agator & Jean-Guy Devezeaux de Lavergne, 2018. "Les nouvelles mobilités à la lumière des sciences humaines et sociales," Post-Print hal-03257167, HAL.
    9. Katarzyna Gruszka & Manuel Scholz-Wäckerle & Ernest Aigner, 2020. "Planetary carambolage: The evolutionary political economy of technology, nature and work," Review of Evolutionary Political Economy, Springer, vol. 1(3), pages 273-293, November.
    10. Peters, Nils, 2024. "Solving the problem of abundance: venture capital and the making of asset-driven inequalities," LSE Research Online Documents on Economics 125890, London School of Economics and Political Science, LSE Library.
    11. Jakob Kapeller & Claudius Gräbner-Radkowitsch & Anna Hornykewycz, 2024. "Corporate power and global value chains: current approaches for conceptualizing the power of multinationals," Review of Evolutionary Political Economy, Springer, vol. 5(2), pages 371-397, September.
    12. Gernot Grabher & Erwin van Tuijl, 2020. "Uber-production: From global networks to digital platforms," Environment and Planning A, , vol. 52(5), pages 1005-1016, August.
    13. Sandrine Michel, 2023. "Is the wage-labour nexus back? A regulationist investigation [Le retour du rapport salarial ? Une enquête régulationniste]," Post-Print hal-04255122, HAL.

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