Article ID: CBB779774973

Technoscience Rent: Toward a Theory of Rentiership for Technoscientific Capitalism (2020)

unapi

Contemporary, technoscientific capitalism is characterized by the (re)configuration of a range of “things” (e.g., infrastructure, data, knowledge, bodies) as assets or capitalized property. Accumulation strategies have changed as a result of this assetization process. Rather than entrepreneurial strategies based on commodity production, technoscientific capitalism is increasingly underpinned by rentiership or the appropriation of value through ownership and control rights (e.g., intellectual property [IP]), monopoly conditions, and regulatory or market devices and practices (e.g., investment dispute courts, exclusivity agreements). While rentiership is often presented as a negative phenomenon (e.g., distorting markets, unearned income) in both neoclassical and Marxist political economy literatures—and much in between—in this paper, I conceptualize rentiership as a technoeconomic practice and process framed by insights from science and technology studies (STS). So, rather than a problematic “side effect” of capitalism, the concept of rentiership enables us to understand how different forms of value extraction constitute, and are constituted by, different forms of technoscience. This allows STS to contribute a distinctive analytical approach to ongoing debates in political economy about economic rents and rent-seeking.

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Authors & Contributors
Bak, Hee-Je
Benjamin, Ruha
Birch, Kean
Bloomfield, Brian P.
Kaltenbrunner, Wolfgang
Kim, Jongyoung
Journals
Science, Technology, and Human Values
Social Studies of Science
East Asian Science, Technology and Society: An International Journal
Science Communication
Public Understanding of Science
Science as Culture
Publishers
Duke University Press
Éditions La Découverte
Concepts
Science and technology studies (STS)
Technoscience
Political economy
Governance
Technology and politics
Expertise
People
Latour, Bruno
Time Periods
21st century
20th century, late
20th century
Places
United States
India
Israel
Korea
China
Germany
Institutions
Samsung
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