Karl Marx and the blockchain

Devraj Basu, Jamie Gabbay

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)peer-review

3 Citations (Scopus)


Blockchain is often presented as a technological development; however, clearly it is not only that: the ‘Blockchain buzz’ exists in the context of current social and political developments. In this essay, we analyse blockchain technology and its social and political context from a perspective of Marxist economic theory. Since arguably the last great inflection point in society and technology was analysed by Marx in terms of labour and capital and since we seem to be experiencing a shift in the balance between these forces today, it makes sense to revisit the Marxist ideas and apply them to the current situation, to see how well they still apply and if necessary to update them for current events.
Original languageEnglish
Title of host publicationMedia, Technology and Education in a Post-Truth Society
Subtitle of host publicationFrom Fake News, Datafication and Mass Surveillance to the Death of Trust
EditorsAlex Grech
PublisherEmerald Publishing Limited
ISBN (Electronic)978-1-80043-906-1
ISBN (Print)978-1-80043-907-8
Publication statusPublished - 8 Jul 2021


Dive into the research topics of 'Karl Marx and the blockchain'. Together they form a unique fingerprint.

Cite this