Democratic states and their respective civil societies face extraordinary difficulties in formulating and enforcing policies against leading transnational corporations. Social scientists, too, find it difficult to incorporate the diversity of new challenges into the national and global debate from a comprehensive perspective. This chapter is the result of scrutinizing the risks and challenges of platform and surveillance capitalism and the way in which the different forms of digital capitalism shape social and societal changes from a political-economic macro-perspective. A list of topics for future research and policy fields requiring action concludes the chapter.