How did Bill Gates become the richest man in America? His wealth has nothing to do with Microsoft producing good software at lower prices than its competitors, or ‘exploiting’ its workers more successfully (Microsoft pays its intellectual workers a relatively high salary). Millions of people still buy Microsoft software because Microsoft has imposed itself as an almost universal standard, practically monopolising the field, as one embodiment of what Marx called the ‘general intellect’, by which he meant collective knowledge in all its forms, from science to practical knowhow. Gates effectively privatised part of the general intellect and became rich by appropriating the rent that followed.

LRB 26 January 2012 | PDF Download