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Perhaps what we’re dealing with now isn’t actually capitalism any more—but something worse. Companies like Google are in the business of surplus information, not surplus labor power. The goal is to build and own an infrastructure that enforces an asymmetry of information, where for whatever information the user gets, much, much more is harvested. It no longer even matters whether this information is culled from work. It can also be extracted from everyday life. And lest one think Google is something of an outlier: take a look at the Fortune 500 companies and it turns out that most of them are now, in part or in whole, in the information business. Even the biggest of them, Walmart. Those big-box stores are just a physical manifestation of a financial and logistical data system. They are money and information congealed into a thing in the landscape. In that regard they are rather like art world works of art. The ruling class itself has changed form. That’s part of the reason the art world changed form. Art has a new kind of patron. One much less interested in the making of things than in the reaping of surplus from information. Its goal is the commodification of information flows. As such it undermines all of the old gift exchanges via which information used to flow, in the family, the community, via schooling, and so forth. What the capitalists did for the production of things, the new ruling class is doing for the production of information. I call them the vectoralist class. They rule through the ownership and control of the vectors of information, its stocks, its flows, its design.

"The Fall of Babylon 1932-1937"