The Production of Links –

Value Creation in Contemporary Capitalism

Max-Peter Menzel

Globalization in Crisis?

The Urban and Regional Challanges of the Great Instability Converence

13-14 July 2017, St Catherine‘s College, Cambridge (UK)

Menzel, M.-P. and D. Fornahl. 2010. Cluster life cycles - dimensions and rationales of cluster evolution. Industrial and Corporate Change 19(1):205-238. S. 218.

0,00%10,00%20,00%30,00%40,00%50,00%60,00%70,00%80,00%90,00%

100,00%

199619971998199920002001200220032004200520062007200820092010201120122013

Top10 HerstellerTop5 HerstellerTop10 ProducersTop5 Producers

(BTM data till 2009 and MAKE data from 2010)

(Data: Word Bank – World Development Indicators 2016)

-4

-3

-2

-1

0

1

2

3

4

5

619

8619

8719

8819

8919

9019

9119

9219

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

0520

0620

0720

0820

0920

1020

1120

1220

1320

1420

15

GDP Growth in OECD Countries

Observation 1: Consumption

(www.statista.de)

0,

5,

10,

15,20,

25,

30,

1990 2001 2004 2007 2010 2013

Share of Renewable Energies

0

200

400

600

800

1.000

1993 2001 2004 2007 2010 2013

Fair Trade Products% Mio€

05

10152025303540

2005 2007 2009 2011 2013

Vinyl Records

60,

65,

70,

75,

80,

1991 2000 2006 2008 2010 2012 2014

Shoes and GarmentsMio€ Mio€

Micro Breweries in the US 1994-2013

0

500

1000

1500

2000

2500

3000

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

(https://www.brewersassociation.org/statistics/number-of-breweries, 6.1.2017)

Observation 2: Production

Observation 3: Growth of Cities

https://www.pinterest.de/pin/479281585316824667/Florida, R. and King, K. (2016): Rise of the Urban Startup Neighborhood. Working Paper Series Martin Prosperity Research Toronto,

35pp. 19.

The Value is Produced in the Link

The LinkThe connection between a product and the entity that gives the product itsvalue

sustainable or ethical production

something with symbolic meaning

The Links of Lemonaid

Standardised Infrastructure for Production and Circulation

Crowd-Funding

(source: crowdexpert.com)

0,5,

10,15,20,25,30,35,40,

2011 2012 2013 2014 2015

Collected Money via Crowdfunding World Wide (in Bill US$)

Crowd Funding

(www.kickstarter.com)

0,

100,

200,

300,

400,

500,

600,

700,

Collected Money for Kickstarter Projects till May 2017 (in Mio. US$)

Spencer G. M. (2015) Knowledge neighbourhoods: urban form and evolutionary economic geography, Regional Studies 49, 883-98.

Science Neighbourhoods Creative Neighbourhoods

The Production of Links and its Geography

Value Generation in Phases of Capitalism

Fordism Post-Fordism Post-Fordism2 ???

Scale Scope Financialization Links

Econ

omie

sof

Phas

e