Digital platforms are evolving into complex ecosystems, creating a new form of governance known as platform cooperativism. This concept is built on the idea of shared ownership and democratic decision-making. Platform cooperativism challenges the traditional business model of digital platforms, which often results in a concentration of wealth and power.
Platform cooperativism is seen as a potential solution to the problems of the gig economy, such as worker exploitation. It aims to create a more equitable digital economy by giving workers a say in the decision-making process and a share in the profits. Platform cooperatives are being formed in various sectors, including taxi services, home cleaning, and food delivery.
While the idea of platform cooperativism is promising, it faces several challenges. First, it requires a significant amount of capital to compete with established digital platforms. Second, it needs a supportive legal and regulatory environment. Lastly, it requires a shift in mindset from both workers and consumers, who are used to the traditional model of digital platforms.
Despite these challenges, platform cooperativism is gaining traction. Proponents argue that it has the potential to democratise the digital economy and create a more equitable and sustainable future. They believe that by giving workers a voice and a share in the profits, platform cooperativism can create a fairer digital economy that benefits everyone.
Go to source article: https://jods.mitpress.mit.edu/pub/issue3-case