Immaterial production has more similarities to the pre-industrial capitalism

Communism conference — Michael Hardt
from The Pinocchio Theory by Steven Shaviro [Hardt didn't mention this, but his periodization fits in well with McKenzie Wark's idea of a movement from landlords to industrialists to the current "vectorial class" of the owners of property rights to "information." Hardt, like Wark, is focused on what Wark calls "the property question"].

Today, informatic or immaterial production is focused on questions of so-called “intellectual property” (this is my term, not Hardt’s), in the forms of copyright, patents, etc. A company’s physical products often have value, not because of any actual use, but because they are manifestations of a “brand” to which consumers are attracted, or with which they identify. Massive sums of money are gained from things like patents on genetic sequences, genetically modified crops, rights to copyrights on music, video, and text, to (often frivolous) patents on supposed inventions, to control of certain channels of distribution, to a company’s working methods and “trade secrets,” and so on. Even traditional hard-manufacture factories are governed by informatics, and profit comes as much or more from control of the informational organization that governs production, than from the physical items in themselves that are produced (as these latter are not sold for much above cost).

According to Hardt, all this means that immaterial production has more similarities to the pre-industrial capitalism focused on the extraction of rent than it does to the (pre-informatic, or perhaps Fordist) industrial system that focused on the extraction of surplus value as profit. The most dynamic sort of capitalist appropriation today comes in the form of a renewed “primitive accumulation,” or privatization of the common: one can see how both the patenting of genetic sequences taken from plants used by traditional cultures, and the copyrighting of “new” ideas and their expression, fits into this paradigm. This means that the struggle against capitalism must take on radically different forms, compared to those of the 19th and early 20th centuries. According to Hardt, immaterial production qua primitive accumulation is more a case of the direct appropriation of the common by capitalists, than it is one of the indirect expropriation of the common through the sale and purchase of labor power as was the case under industrial capitalism. [Libertarians and Marxists agree on fictive finance at 12:41 PM] [Digital technologies bring with them new forms of control & micromanagement at 1:33 PM]