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Can online platforms have a net positive effect on the economy and society?

Written by Mihalis Kritikos, © Adobe Stock Existing economic theories, based on foundational notions of ‘markets’ and ‘firms’, may not be sufficient to correctly interpret the behaviour of online platforms. This was one of the main conclusions of the study ‘Online platforms: Economic and societal effects’, which was carried out by Professor Annabelle Gawer of Surrey Business School, University of Surrey, at the request of the STOA Panel, following a proposal from Member of the European Parliament, Eva Kaili (S&D, Greece), Chair of the Panel for the Future of Science and Technology (STOA). Online platforms, such as Google, Amazon and Facebook, play an increasingly central role in the economy and society. They have grown to an unprecedented scale, propelled by data-driven business models. Their rapid growth has caused concerns about market dominance and the widening information and power asymmetry between platforms and citizens, businesses and regulators. Online platfor

Work in the era of AI: Time for a Digital Social Contract

Written by Mihalis Kritikos, © Adobe Stock Technological change, far from being deterministic in its nature and effects, is open to reform. There is no guarantee that digital technologies will destroy jobs, nor any certainty that these technologies will lead to more and better jobs. This was one of the main conclusions of the study ‘Digital automation and the future of work: Securing a digital future that works for all’, which was carried out by Professor David Spencer of the University of Leeds at the request of the STOA Panel, following a proposal from STOA Chair Eva Kaili (S&D, Greece).

Surveillance capitalism and Europe s moral duty to shape a human-centric digital future | European Parliamentary Research Service Blog

Written by Mihalis Kritikos, ‘The European Union represents humanity’s best hope to prevent lawless, unprecedented computational concentrations of knowledge and power from becoming as irreversible and poisonous to our societies as the toxic concentrations of carbon dioxide in our atmosphere have become to our earth.’ That was one the main statements made by Shoshana Zuboff, Charles Edward Wilson Professor Emerita of Business Administration at Harvard Business School and award-winning author of The Age of Surveillance Capitalism’, at the STOA Annual Lecture 2020 that took place (virtually) on 9 December 2020. This year’s Annual Lecture, ‘Digital human rights and the future of democracy: Lessons from the pandemic’, was dedicated to the memory of the first Head of the STOA Secretariat, Richard (‘Dick’) Holdsworth. It focused on the disruptive effects of the digital revolution upon democracy and examined the challenges associated with the growing datafication and p

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