Modified Capitalism
By: Aizaz Raza
Tags: Médium, Creativity, Capitalism

The world is changing at unprecedented scale. Different forms of government exist within the different states, but who cares about plethora of consequences that are by product of ridden-conflicted forms of government, of which we are chip in? Noam Chomsky once said ‘violence begets violence’. Todays capitalism so called the liberal capitalism is breeding a solution of modern economic problems; and that solution ultimately generates a new problem.

According to pro-leftist, capitalism is oppressive and violence strategy to run any state and thereby this violence gives a by product after its ultra-fast reaction, abided by another modified form of capitalism called ‘Surveillance Capitalism’ However, surveillance capitalism is the recent form of capitalism and its fabrication in the modern period is so interesting and even puzzling as well where a layman can’t be able to clarify that he is being robbed by the mafias so called ‘multinationals companies’ in this modern era. Resultantly, it generates bulge of socio-economic problems crushing the provisions of equality and pluralism.

It is imperative to expound that modern capitalism is even more grist in nature. We must put forward our prim to insight the workings of surveillance capitalism by knowing its role in the global, private digital companies like; Google, Amazon, or Apple, and their influence in future time. Therefore, the current system of modified capitalism is once again on horizon, in which its terrible fatalities are more difficult to search out.

n this bully induced sluggishness, what layman and daily wager can do? How it will cope this famine? American authoress Zeboff Called this Surveillance Capitalism in the context of psychology; where on one hand capitalism has indicated as the psychological controlling factor in which it makes masses unable and confined.And on the other hand it is emphasizing it’s influence that how it divides people; where the elite is less but more powerful and the poor is more but powerless.

Even More importantly, Zeboff catches attention when she described surveillance capitalism as a bully coup who holds your personal data and sells it to companies for personal profits, this process is known as the micro-targeting. The major drawback of surveillance capitalism is that it moves your personal information to tech companies and they use it for their own in order to complete their inherent interes.

To make things from insult to injury, this modified capitalism will astound people more in the future time because the wars of 21st century and onwards are of technology and biotechnology where technical assets are more powerful than natural assets. The silicon valley doesn’t contain a single ounce of silicon. The one who holds the technology is global hegemony no matter what natural resources he owns. It seems unlikely that civilisation can really survive in capitalism and sharply attenuated democracy that goes along with it.

And who will disagree that it doesn’t shake the very foundations of democracy? Could functioning democracy make a difference to eliminate existing capitalism? Consideration of conjectural systems can only be speculative, but there is a reason to think so. Really existing capitalism is a human creation, and can be changed or replaced. We don’t know for sure, what do we know, is that if we cave in to despair we will help ensure that worst will happen. And if we grasp the hopes that exist and work to make the best use of them, there might be something good for all existing humans, there might be a better world.

Therefore, it is undemocratic and policies indicate that it is real threat to democracy. It may have short-term positive impact on economy but this modified form is not perpetually beneficial for the country’s economy. It confronts with very foundations of democracy and equality, lead people to dig their graves, playing a powerful role from the backside of scene.