Knowledge Capitalism

In his newest book, Stehr builds on his classic book (1994) to expand the concept toward one of knowledge capitalism for a now, much-changed era. It is not only because of the onset of the Covid-19 pandemic that we are living in a new epoch; it is the idea that modern societies increasingly constitute comprehensive knowledge societies under intensive capitalism, whereby the legal encoding of knowledge through national and international law is the lever that enables the transformation of the knowledge society into knowledge capitalism. The Trade Related Aspects of Intellectual Property Rights agreement, negotiated between 1986 and 1994 as part of the World Trade Organization, is the backbone of the modern society and marks a clear historical demarcation, and although knowledge capitalism is primarily an economic development, the digital giants who are in the driver’s seat have significant effects on the social structure and culture of modern society.