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.
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.
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Maybe they just need a friend to fill in the void that they’re trying to fill with power and money.
Here is an alternative Piped link(s):
just need a friend
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source; check me out at GitHub.
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.
I never said nor implied anything about any other system. I spoke about capitalism.
Ahhh, some fresh whataboutism!
you mean like feudalism ?
Not the point. Look into economics of scale. Capitalism does this shit as a rule.
As we all know, the workers get tired of it, revolt and the 1% disappear
Not really. They just get replaced by the people leading the revolution (there are exceptions of course, like Robespierre in the French Revolution).
If other systems have the same effect, it’s a problem with them too. But it’s still a problem with capitalism.
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.
That’s not a great pitch for a book though.
Unpaywalled link: https://archive.is/3fDEd