Welcome to the Age of Technofeudalism - Interview with Yanis Varoufakis
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11 replies
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.
I never said nor implied anything about any other system. I spoke about capitalism.
If you say something is bad that absolutely implies that there are better alternatives. What other purpose does such a statement serve?
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!
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).
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.