Technological Change and Strategic Sabotage: A Capital as Power Analysis of the US Semiconductor Business

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dc.contributor.authorMouré, Christopher
dc.date.accessioned2023-05-30T19:45:42Z
dc.date.available2023-05-30T19:45:42Z
dc.date.issued2023
dc.description.abstractRapid technological change is often touted as a fundamental reality of capitalist societies. It is also presented as concrete evidence for the supposed progressive improvement of material well-being that characterises the capitalist system of social order. Since its emergence in the mid-20th century, semiconductor technology in many ways exemplifies this view. Yet the rapid advancement of semiconductor technology has also been accompanied by social conflict. The history of the technology is as much a story of frequent global chip ‘shortages’ and geopolitical disputes as it is one of exponentially growing computational power. The purpose of this study is to examine how the two sides of this story—progress and conflict—are linked. Starting from the theoretical political economic framework of capital as power, I put organized social power at the centre of this inquiry. I examine the behaviour of large semiconductor manufacturing firms in an attempt to uncover empirical relationships between capital investment, chip ‘shortages’, prices, and profits. Using quantitative and qualitative analysis, I find evidence that dominant semiconductor firms have engaged in systematic underinvestment in order to control chip prices for differential gain.en_US
dc.identifier.citationTechnological Change and Strategic Sabotage: A Capital as Power Analysis of the US Semiconductor Business. Mouré, Christopher. (2023). Real-World Economics Review. No. 103. March. pp. 26-55. (Article - Journal; English).en_US
dc.identifier.urihttp://hdl.handle.net/10315/41183
dc.language.isoenen_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectcapital as poweren_US
dc.subjectcomputersen_US
dc.subjectdifferential accumulationen_US
dc.subjectinflationen_US
dc.subjectpoweren_US
dc.subjectprofiten_US
dc.subjectsemiconductorsen_US
dc.subjecttechnologyen_US
dc.subjectsabotageen_US
dc.subjectscarcityen_US
dc.subjectstagflationen_US
dc.titleTechnological Change and Strategic Sabotage: A Capital as Power Analysis of the US Semiconductor Businessen_US
dc.typeArticleen_US

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