The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

  • @[email protected]
    3•9 months ago

    What a load of hogwash.

    I understand the railing against rent seeking. It’s my land too, so why am I paying for it, and all. I mean, I disagree with the notion, but I understand it.

    This is entirely different. Cloud services haven’t been built for nothing - they are massive investment projects and like anything else we build that many use, capital allows us to distribute the cost. Yes there’s a profit motive and one could argue against it or not, but these services didn’t exist as natural resources that the cloud-lords dominated by force and then rented back to us. They built new lands and asked if anybody want to come live there.

      • @[email protected]
        3•9 months ago

        They’re producing cloud rent, because the fiefdom is a cloud fiefdom now, for the owners of cloud capital.