Welcome to the Age of Technofeudalism - Interview with Yanis Varoufakis
Welcome to the Age of Technofeudalism - Interview with Yanis Varoufakis
In Yanis Varoufakis’ latest book, the former Greek finance minister argues that companies like Apple and Meta have treated their users like modern-day serfs.
They haven't overthrown shit.
This is what capitalism is and what it always leads to: siphoning all power to the top small % of people.
As we all know, siphoning of the power to the small percentage of people had never happened prior to capitalism.
Not the point. Look into economics of scale. Capitalism does this shit as a rule.
If other systems have the same effect, it's a problem with them too. But it's still a problem with capitalism.
Ahhh, some fresh whataboutism!
you mean like feudalism ?
Its not just techno feudalism. Musk and Bezos trying to reinvent 'company towns' housing being hoarded and only rented, education only through massive debt. Tech is just part of it, its everywhere and should be called Neo-feudalism.
company towns and expensive education were a thing in the less regulated era of capitalism, its not new, we are just coming back to it. its late stage capitalism.