The Changing Face of Global Capitalism - Sharing Economy and Digital Society in Indonesia

Kurniawati Sa’adah

2018

Abstract

Globalisation has an impact in almost every part of the world. Indonesia is one of the highest users of the internet and social media platforms yet there is a huge gap in inequality in terms of internet access throughout the country. The digital market in Indonesia presents new challenges for current competition, such as Grab, Gojek, AirBnB, etc. In order to meet rising demand, the market place has attempted to adapt itself to the new changes and challenges. This is a face of global capitalism that is very old but, at the same time, fundamentally new. It is considered old because of its objective towards relentless competition in the pursuit of profit, and the pursuit of individual satisfaction (deferred or immediate) is its driving engine. But it is fundamentally new because it is driven by technologies in information and communication that are at the root of new productivity sources, new organisational forms, and the construction of a global economy. Social development today is determined by the ability to establish a synergistic interaction between technological innovation and human values, leading to a new set of organisations and institutions that create positive feedback loops between productivity, flexibility, solidarity, safety, participation and accountability, in a new model of development that could be socially and environmentally sustainable in a mostly digital era. The emergence of a digital society represents part of the consequences of this new form of global capitalism. This study analyses how new global capitalism and the emergence of a digital society are manifested in a vulnerable era of globalisation with asymmetric information dissemination in Indonesia. The concept of a Transnational Capitalist Class (TCC) explained by Leslie Sklair is used to explain the phenomenon of global capitalism in the digital era, particularly in Indonesia. This study argues that global capitalism in a digital society era is an innovation of the old version of global capitalism. However, the use of technology particularly in the information, communication and transportation sectors is an inevitable phenomenon yet not everybody can get access into the internet generally

Paper Citation

in Harvard Style

Sa’adah K. (2018). The Changing Face of Global Capitalism - Sharing Economy and Digital Society in Indonesia.In Proceedings of the 4th International Conference on Contemporary Social and Political Affairs - Volume 1: ICoCSPA, ISBN 978-989-758-393-3, pages 284-288. DOI: 10.5220/0008820502840288

in Bibtex Style

@conference{icocspa18,
author={Kurniawati Sa’adah},
title={The Changing Face of Global Capitalism - Sharing Economy and Digital Society in Indonesia},
booktitle={Proceedings of the 4th International Conference on Contemporary Social and Political Affairs - Volume 1: ICoCSPA,},
year={2018},
pages={284-288},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008820502840288},
isbn={978-989-758-393-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Contemporary Social and Political Affairs - Volume 1: ICoCSPA,
TI - The Changing Face of Global Capitalism - Sharing Economy and Digital Society in Indonesia
SN - 978-989-758-393-3
AU - Sa’adah K.
PY - 2018
SP - 284
EP - 288
DO - 10.5220/0008820502840288